Hair Salon - Merrimack Valley

Essex County, MA

Seller Financing Available
Hair Salon - Merrimack Valley

Asking Price:$150,000

Cash Flow:$102,500

Gross Revenue:$668,414





Hair Salon - Merrimack Valley

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Business Description

This business is a well-established and well-known hair salon that was started over 20 years ago by the current owner and over the years has earned an excellent reputation for providing quality services to their clientele consisting of professional men and women. The business has very clear books and records making it easier for a buyer to verify the sales and expenses of the business. Sales have been steady between $661,000 to $717,000 during 2013 – 2015. This business is generated with very little advertising. Most of the business comes from repeat customers and word of mouth referrals. There is potential growth by hiring additional stylists and perhaps adding additional services. The salon has been laid-out to maximize the use of the space but without giving a feeling of being crowded. In fact, each styling station has its own area to provide a sense of privacy. This is an excellent opportunity to acquire a well-established, profitable hair salon with expansion potential at a market price. Seller is willing to continue to be employed as a stylist at the business. For additional information, email or call John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC at 603-880-8200.

Detailed Information

Included in asking price
The business leases approximately 900 sq. feet. Multi-year lease available to a new owner.
Growth & Expansion:
May be achieved by (1) increased advertising; (2) hiring additional stylists (3) by adding services.
Seller will finance up to 40% of the selling price to a qualified buyer. Term negotia
Support & Training:
Seller will provide 2 weeks of training included in the sale immediately after the closing. Additional time is negotiable.
Reason for Selling:
Retire from business ownership

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John Coto

Business Listed By:
John Coto

Alliance Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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