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- Location: Withdrawn, Massachusetts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
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