SW PDX Styling Salon-Up-scale/very profitable

Portland, OR (Multnomah County)

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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

Location:
Portland, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
11/17/2019
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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.)
Competition:
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.
Financing:
Negotible
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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