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Upscale, Profitable Salon With New Equipment
Location Virginia,United States
Asking Price Range $250K - $500K
Gross Revenues $598891
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 10 - 19
Inventory 116461
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Owners will provide appropriate transition period.
Reason for Sale One owner wants to work in the business, the other owner wishes to pursue other interests.
Description This upscale salon is one of the most premier salons in the northern Virginia area. It provides guests with professional beauty care from skilled stylists using state of the art products and techniques. Since its inception in 2005, revenue has steadily grown year to year. From 2010-2011, revenue increased by 47 percent, and the owners anticipate an additional increase of 30 percent by the end of 2012 from 2011.
The sellers have built a sustainable business enterprise that can be transitioned to a new owner, who can benefit from a loyal customer base (40 percent of all customers have been referred to the salon by friends and/or family members) and experienced employees. The salon is well-known for outstanding customer service and has been recognized among leading area magazines as a top salon.
The stylists have experience ranging from 5 to 24 years, and several have obtained prestigious certifications from a leading industry company. Services include hair design, hair color, hair texture, hair styling, makeup application, waxing, and bridal services. Located in a high-volume area along the Route 7 corridor in Northern Virginia. This new and immaculate 2,427 square foot facility has 11 stylist stations and a warm, inviting atmosphere for clients. This business moved from an older location to its current one and now possesses new top of the line equipment.
This salon has a new, user-friendly website that provides pertinent information to interested parties. Social media and e-marketing are also used to reach customers electronically to inform them about events and promotions. A customer loyalty program is in place, keeping lines of communication open and offering rewards to its best clients. The salon also advertises in local publications and participates in community and internal events.
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