REDUCED! Profitable, Established Salon w/ Option Of Building

Asking Price$99,500

Cash Flow
$86,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$246,600

Inventory$14,900
Included in asking price
FF&E$9,500
Included in asking price
Real Estate$295,000
Not included in asking price
New handicap access
Reception & Chairs 1 & 2
Chairs 3 & 4
Esthetic, Mani/Pedi & Restroom
Mani/Pedi Room
Exterior from parking lot
New handicap access
Reception & Chairs 1 & 2
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REDUCED! Profitable, Established Salon w/ Option Of Building


Asking Price$99,500

Cash Flow
$86,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$246,600

Inventory$14,900
Included in asking price
FF&E$9,500
Included in asking price
Real Estate$295,000
Not included in asking price
Business Description
This thriving, consistently growing salon with 4 wet stations, 2 pedi spas, 2 mani tables, and an esthetics room is the only salon for miles. Established by current owner in 1998 as a one chair hair salon, it has grown into a full service day spa and is currently fully staffed with dedicated technicians happily sharing spaces and planning to stay on after sale. It has an excellent reputation in a community known for supporting local businesses. Salon has high visibility from the main highway through the area. It’s known for taking care of everyone from the little ones’ first haircuts to great grandparents. Has handicap parking and new, upgraded wheelchair ramp.

Current owner is a working stylist who has been in this location for 27 years and in the industry for 50 years. Feeling the energy waining and knowing it’s time to let someone else step in and create their own legacy. This would be a great opportunity for a stylist relocating from out of the area to step into an established client base. It would be an exceptional situation for a more local stylist with some established clientele. The cash flow would be roughly $30,000 lower if one was to run the business as a manager/receptionist but not have the stylist income.

Many clients drive up to an hour or more to visit our salon and all say “it’s worth the drive”. This stand alone building is a jewel in the gem state of Idaho.
About the Business
Years in Operation
27
Number of Employees
8
Facilities & Assets
Building is 1100 sq feet with reception area with large desk with retail shelves, 4 wet stations w/ deluxe all purpose chairs, esthetics room w/ built in shelving/storage, mani/pedi room w/ 2 pedi spas & 2 mani tables, restroom, employee lounge, laundry room w/washer/dryer. The building had exterior renovation in 2020 & interior 2019 & well maintained. The equipment is included in the price & has been generously depreciated by 70%+ of value. Plenty of off street parking for employees and clients. The business pays owner $1400 for rent.
Website
https://ashearinspiration.com
Market Outlook / Competition
This is the only salon for 25 miles in one direction and 57 miles in the other, and situated on the main highway through the area. Our goal is client experience and customer service, because even though we’re in a unique situation, we still want to maintain our current excellence reputation.
Opportunities for Growth
This community is rapidly growing since 2020 with the salon averaging 80 new clients per month. Current owner is doing very little social media marketing which could definitely be improved on. It’s possible that online booking could be added, as well as online retail marketing.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
1,100
About the Sale
Seller Motivation
Retirement
Transition Support
Current owner not moving away and is flexible on support, training, and transitioning. Current owner is willing to stay on as part time staff and mentor to assist in successful transition if agreeable, for a time frame buyer and seller can negotiate.
Financing Options
Owner prefers not to finance but is open to dialogue
Listing Info
ID
2251488
Listing Views
2259

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Business Listed by: Laura Emmer

Listing ID: 2251488 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.