Thriving Hair Salon Business with Loyal Customer Base

Listing Number: 60348-488604

Description

This business has been providing high-quality hair care services for 40 years. It has18 employees. Despite the industry having high employee turnover, many of the employees have been there for 5-10 years and some for decades due to the positive team culture and excellent training program.
The salon bills in the top 5% of the industry by square foot and it has successfully grown over the past 4 decades, providing a necessity as well as a luxury to its growing customer base. Revenue primarily comes from hair cutting (50%) and hair coloring (35%), but other services (5%) and salon retail products (10%) are a key growth expansion opportunity.

Listing Details

• Price: $500,000
• Down Payment: $340,000
• Sellers Discretionary Earnings: $223,912
• Total Sales: $921,882
• Location: Withdrawn, Massachusetts


• Inventory: $25,000
• FF&E: $75,000
• Employees: 18
• Year Established: 1983
• Reason for Selling: Retirement
• Category: Beauty/Personal Care