Listing Number: 090122-772401
Description
Cash Flowing Salon & Spa with Long Term Lease!!!!
KEY FINANCIAL & BUSINESS INFORMATION
Location: HIGH TRAFFIC MAIN STREET
Area: Highly sought after SW DC Location
Average Net Margins: 22 %+/-.
2023 Sales: $ 600,000.00 (approx.)
Cash Flow: $120,100.00
Payment terms: 70 % (Credit/Debit Cards) | 30% (Cash)
Size: 1,450 SF
Lease terms: Long term.
Inventory: $ 20,000.00 (approx.) is included in the sale price.
Majority Customers Type: Well established and high income individuals and families, large commercial and residential buildings
Yearly Revenue and Profit Trends: Steadily growing with strong growth potentials
The sale price of $275,000….which is just 2.28 years of NOI !! This is a cash cow business.
Hours of operation: SUN-WED: 09.00 AM-5.00PM, THU-SAT: 11.00 AM-5.00 PM
Reason for Sale: Retirement
This well reputed business located in Top Notch newer Washington, DC, area presents a unique opportunity to acquire a long-established upscale salon specializing in a high-quality experience catering to a diverse customer base. The business operates as a full-service salon & spa, offering cuts, coloring, hair treatments, facial and nail care services, hair and beauty products, and more. Registering strong sales and profit growth trends yoy. This is due to local, repeat business, successful good client relationships that is also bringing in a constant flow of new clients, and efficient systems implemented by the current owner. Needless to mention, the company’s stylists are highly experienced, and customers are matched with a stylist based on their needs. The unique combination of high-quality results, a luxurious experience, and a family-like atmosphere keeps customers coming back.
A perfect match for the right buyer who is committed and willing to put the time and devotion in that to take it to the next level. There are greater possibilities to enhancing the clientele. The salon gets new clients daily because it has a long standing excellent reputation and fabulousness of the new SW DC busy main street location.
The business is an upscale salon gracing with stylist chairs, wood cabinets and light adjusting mirrors. There are 3 shampoo stations and also have a set up for waxing at one of the stations. They have 2 dryer chairs and 1 color processor. Nice front desk area, along with 6 waiting chairs, wood cabinets at stations, retail shelving, color bar, large hot water heater, break room containing microwave and fridge.
Each client is charged a minimum of $80- $400 depending upon the service and the urgency of the services needed.
INDUSTRY MARKET RESEARCH SUGGESTS
According to industry data, sales for the US hair care services industry are forecast to grow at a 9.62% compounded annual rate from 2024 to 2029, faster than the growth of the overall economy. This consumer demand, combined with significant growth in the service area, positions this business for continued success for years to come.
Do not want to deal with tire-kickers. If you truly interested send appropriate financials or you will not receive a response. Please dont waste our time and we wont waste yours. This is a fantastic opportunity for the serious buyer. 95% of business is with the local neighborhoods.
Proof of funds is required (Upfront).
For more information, please contact:
Aamer Chaudhary - President/CEO
Transworld Business Advisors, Downtown Washington DC at;
Cell: 202 509 3739 / 703 4570362 or Office 202 461 2204 or by email [email protected].
Listing Details
- Price: $ 275,000
- Down Payment: $50,000
- Sellers Discretionary Earnings: $ 120,100
- Total Sales: $ 576,000
- Location: District of Columbia
- Inventory: $ 20,000
- FF&E: $ 105,000
- Employees: 4
- Year Established: 2015
- Reason for Selling: Retirement
- Category: Beauty/Personal Care
