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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  • Location: Withdrawn, Massachusetts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
Thriving Hair Salon Business with Loyal Customer Base

Contact Agent:

Jeffrey Hollow
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