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Listing ID: 2119301

30 Year Old Hair Salon For Sale

400 S Main St, Prince Edward, Virginia, United States

$ 38,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 100k to 250k

Cash Flow: $ 100k to 250k

Business Description

Located in a major college town, the salon is across the street from Longwood University which has 5,000 students and 7 miles from Hampden-Sydney College which has over 1,000 students. The salon has a very large clientele who have been patrons of the business for the last 30 years. Currently there are 5 hair stylists and one secretary employed at the salon. The salon also retails Aquage, Paul Mitchell, and American Crew products. It is a family salon known for its amazing color and highlighting techniques, men's haircuts and beard trims, and not so painful facial waxing. The salon has just been remodeled with a new coffee bar and stylish décor. The storefront has also had recent improvements as well. Wi-Fi is available and the salon uses a POS system through Square Up.

Property Details

Size:

1400 square feet

Years Established:

1986

Property Type:

Lease

FF&E:

$ 20,000

Inventory Value:

$ 5,000

Other Details

Business Location:

Located in the center of Farmville on Main Street directly across the street from Longwood University.

Premise Details:

The salon is the main floor of a house on Main Street.

Expansion Potential:

There is room for expansion by buying the building or renting the upstairs or down stairs apartment units in the salon building.

Operation Details

Employees:

5 Hair Stylists and 1 Secretary

Trading Hours:

Monday - Friday: 9:00am to 5:00pm Saturday: 9:00am to 2:00pm Evening appointments available

Support & Training:

The salon runs itself. The owner will do paperwork and buy supplies.

Miscellaneous

Reason For Selling:

The owner is relocating and buying another business.

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