SW PDX Styling Salon-Up-scale/very profitable

Portland, OR (Multnomah County)

Seller Financing Available
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Asking Price: $175,000

Cash Flow: $70,000

Gross Revenue: $390,000

EBITDA: $30,000

FF&E: $45,000

Inventory: $12,000

Rent: $5,900 /Month

Established: 2003

SW PDX Styling Salon-Up-scale/very profitable

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Business Description

SW Portland Styling Salon-Upscale/Very Profitable

This Salon was established in 2003 and the Salon is considered a Premium Service Provider by the industry. They use a strong referral program to court new business as well as Social Media channels. They have survived 2 major recessions because they are committed to excellence. The loyalty factor of clients is extremely high which is why the referral of new business is so effective. The Salon has 9 working stations and one overflow station. The salon is currently a hybrid with both employee and "leasee's" operators. The Seller suggests tht the buyer continue in this fashion so the business accommodates both independents and new developing stylists.

Detailed Information

Portland, OR
Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Awesome upscale location. Easy access. Over 80,000 cars per day. Services much of the SW Portland area. Beautiful equipment and surroundings. 9 working stations and 1 overflow. The landlord has agreed to give the Seller a month to month lease at the expiration of his present lease and continue until sold. ( The Buyer will receive a new lease several hundred dollars less than the present lease.)
There aren’t very many salons of this caliber in the vicinity to create any major competition.
Growth & Expansion:
If we were to stay with the business we would continue social media activity & outreach. We have engaged with google ads and Yelp activity to create more visibility in online searches. I would/will continue both of those. This salon has a portable photo booth/light ring and that is very useful for client finished views and posting.
Support & Training:
Up for discussion
Reason for Selling:
Many years in the business, time to slow down
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Ladd McGowan-Senior Business Analyst

Business Listed By:
Ladd McGowan

NorWest Business Sales, Inc.

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