Multi-Location Salon - Established and Profitable

WA

Seller Financing Available
Hair salon for sale

Asking Price:$695,000

Cash Flow:$227,990

Gross Revenue:$1,179,637

EBITDA:N/A

FF&E:$120,612

Inventory:$69,908

Established:2010

Multi-Location Salon - Established and Profitable

Get Financing Save Print Share Valuation Report

Business Description

This is a highly successful salon chain that currently has 3 locations in the Puget Sound region of Washington State. The owner built the business with growth and scalability in mind. There are well established systems, clear company branding, and a custom management program in place that tracks performance metrics in extreme detail. This salon chain is considered medium to high-end in its service offerings, and currently has over 7,000 clients. There are currently 29 employees including 22 stylists. The company offers extensive training and continuing education for its stylists to improve their skills and reduce turnover. The owner is not a hair stylist, and spends about 40 hours a week performing general business management, financial management, and staff management. At this point, the owner would like to spend more time doing business consulting and pursue other life interests. This is an excellent opportunity for someone with a business and management background to take over a salon chain with a proven business model, and grow it to the next level.

Detailed Information

Inventory:
Included in asking price
Employees:
24 FT, 5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All 3 salon locations are clearly branded and located in excellent locations. The facilities are well designed and in great condition. There are currently 26 booths amongst the 3 locations with room to add 6 to 8 more booths. All 3 locations have the same business hours and are open 5 days a week. All inventory is included in the asking price.
Competition:
This is a very well managed salon chain with established business model and systems in place. Built with growth and client retention in mind, this salon chain has a team environment where 90% of the clients feel comfortable seeing any available stylist. Some stylists also have a rotating schedule working at each of the 3 locations. All 3 locations have the same phone number, allowing the central dispatcher to schedule the workload at each location accordingly and encourage clients to visit new locations.
Growth & Expansion:
The current owner has built a solid foundation from which to grow. A new owner with fresh energy could increase business by adding more booths, opening the salon 7 days a week, increasing service offerings, and adding more locations.
Financing:
Broker can assist buyer in obtaining bank financing. Seller financing negotiable.
Support & Training:
Seller is willing to train. Details negotiable.
Reason for Selling:
Owner has other business and life interests.

Listing Statistics for Premium Members

Ad#:1254179 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Aaron Muller

Business Listed By:
Aaron Muller

Advantage Commercial Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Children's Orchard

Franchise Opportunity
Capital Required: $163,000