60720-KA Cutting-Edge Hair Salon in Farmville, VA

Farmville, VA (Prince Edward County)

60720-KA Cutting-Edge Hair Salon in Farmville, VA

Asking Price:$45,000

Cash Flow:$54,000

Gross Revenue:$156,000

EBITDA:N/A

FF&E:$12,000

Inventory:$7,000

Established:N/A

60720-KA Cutting-Edge Hair Salon in Farmville, VA

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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.

Detailed Information

Inventory:
Included in asking price
Employees:
4 weeks
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Purchased by current owner January 2016.
Competition:
Proximity to Longwood University campus makes this a great location for walk ins.
Growth & Expansion:
Increase marketing to two local colleges.
Support & Training:
2 weeks
Reason for Selling:
other interests

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Kent Adams

Business Listed By:
Kent Adams

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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