Profitable Upscale Hair Salon - Excellent Location
Location North Carolina,United States
Asking Price Range $500K - $1.0M
Gross Revenues $587124
Net Profit / Cash Flow $73087
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2004
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Seller Training for 14 days at no cost
Reason for Sale Owner is moving
Description Profit filled business, cash heavy and almost recession proof. Located in premier shopping center. Approximately 1,400 sq ft. with 10 stylist stations and a waxing station. This is a self contained business successfully running on its own. Even when in town, Owner spends very little time on business. Substantial growth for industry and this location. With the recruitment of new and additional stylist staff, sales trends picked up over the 2010 and 2011 years with sales reaching $590K in 2011. Early sales trends in 2012 indicate further growth in 2012. With an Owner willing to devote time to these efforts, Seller believes sales could be doubled. Efficiency in operations and full staff are the reasons for more substantial Owner benefit in 2012.
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