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Listing ID: 2849545

Well-Known, Reputable & Profitable Hair Salon For Sale

Washington DC, District of Columbia, United States

$ 235,000

(Furniture / Fixtures included)

Revenue: $ 962,072

Cash Flow: $ 127,678

Business Description

Rare opportunity to own an independent salon that's been serving clients in the DC metro area for over 20 years. The talented team of stylists offer the full suite of cutting, coloring, hair straightening, and related services to a diverse and loyal clientele. They also offer makeup, manicure, pedicure, and waxing services. The salon is located in a bustling part of the city in close proximity to major commercial and residential areas.

The salon has seen steady and consistent growth over the years and is poised for continued growth. The owner and founder has decided it’s time to retire after building and running this successful operation. The owner will stay on as a stylist if needed, but is more than happy to turn over the keys to the right buyer as well.

This is the perfect opportunity for a current salon owner looking to expand their business or a stylist looking to set out on their own without the headaches of starting a salon from scratch. The combination of over two decades in business, a stellar reputation, and attractive lease terms are nearly impossible to find in the DC salon market. Don’t let this opportunity pass you by and contact us today!

Property Details

Years Established:

1990

Property Type:

Lease

FF&E:

$ 14,815

Inventory Value:

$ 18,000

Other Details

Premise Details:

Situated in a prominent storefront location on the ground floor of an office building. There is significant pedestrian and drive-by traffic throughout the day with lots of retail, commercial, and residential areas in the immediate vicinity. The salon has a sleek and modern interior complemented by an inviting atmosphere with high end furnishings and equipment.

Competition:

There is standard competition for the industry and market, but this salon has an advantage over many competitors due to its excellent reputation, 20-year track record, and premier location with reasonable rent and an attractive remaining lease term.

Expansion Potential:

There are many opportunities for a new owner to initiate new marketing and advertising campaigns to increase awareness. A new owner might also consider bringing on additional stylists or offering new services to appeal to a broader demographic.

Operation Details

Employees:

11

Support & Training:

Seller will provide necessary training & support and even stay on as a stylist if the buyer wants them.

Miscellaneous

Financing Available:

Yes
Depending on the final purchase price, terms and qualifications of the buyer.

Reason For Selling:

Owner is retiring.

Contact this seller

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