TURNKEY Full Service Hair & Beauty Salon ONLY $45K! - Germantown

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Business Description

Back on the market 4/24/19 for ONLY $49K priced to sell quickly!

Well established for over 7 years, this is an outstanding opportunity for a current stylist to own their very own salon in a very affluent area of upper Montgomery county!

Nestled in a premier commercial center that is anchored by a grocery store with pharmacy, a bank and multiple other successful businesses that draw very high traffic to the center, this stunningly decorated, tastefully appointed and quaint salon offers a full array of hair-styling, coloring, highlighting etc. complimented by offering their guests top of the line beauty products in addition to nail and spa services including facials, waxing and threading. Nine professionally trained stylists, a manicurist and receptionist are currently on staff and wish to stay on with the new owner. Current owner and founder of this beautiful salon is a licensed stylist but does not service clients allowing significant, additional income opportunity for a new owner to bring their own client book and add to the profitability of this business immediately!

Salon is fully equipped with 12 styling stations, 3 shampoo stations, a manicure station and a private room for waxing and pedicures.

For more information, please contact the broker to request a confidentiality agreement. This gorgeous salon won’t last long at this low, low asking price as current owner is motivated to sell quickly due to serious health issues.

About the Business

Location:
Germantown, Maryland
Year Established:
2011
Number of Employees:
13
Facilities:
1500 square feet: 13 total: 9 stylists, 1 receptionist, 2 Shampoo, 1 Manicurist.
Nestled in a premier commercial center that is anchored by a grocery store with pharmacy, a bank and multiple other successful businesses that draw very high traffic to the center
Market Outlook/
Competition:
Very attractive, full service salon in a high income area with little competition.
Growth & Expansion:
Current owner is not a stylist allowing tremendous opportunity for an owner/stylist to bring their own clients and significantly growth is business from day one!
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About the Sale

Reason For Selling:
Health Issues
Training/Support:
Seller will allow for smooth ownership transfer

Listing Info

ID:
1568629
Ad Detail Views:
87
Asking Price:
$45,000

Gross Revenue:
$475,000
Cash Flow:
$52,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
not included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

James King

King & King Business Advisors

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