Successful Hair Salon Looking for New Owner

Saint Croix County, WI (Relocatable)

Salon For Sale
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Asking Price: $84,000

Cash Flow: $39,455

Gross Revenue: $231,328

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,507 /Month

Established: 1975

Successful Hair Salon Looking for New Owner

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Business Description

Name and logo in the area since 1975, this independent salon has been growing its loyal customer base for over 40 years.

Owner has established a large book of clients, many use the convenient online booking tool. Client retention is strong, this convenient location off HWY 94 is proven.

Salon produces consistently profitable results, offering a full hair menu and a wide array of aesthetics and nail services.

Operations are completely turn-key. Salon Management software program offers operational, tracking, and sales reports for better decision making.
Fully furnished leased space was designed by a veteran stylist and is efficient and well organized with eight (8) full stations which are clean and in good condition. Built in 2005.

Location of the business is ideal. The salon is situated in a strip mall that is anchored by two very popular retailers. The strip mall is at a primary intersection of two main roads in the area. The nearest competitor is nearly three (3) miles away. Lots of development in the area.

Owner works full time along with 5 stylists (3 p.t.) Part time employees manage the position of the receptionist. Employee turnover is very low and current staff is expected to remain. Employee manual which is included in the sale.

Hours of operation are Monday - Thursday 9:00am to 9:00pm, Friday 9:00am to 5:00pm, Sat 8:00am to 12:00pm, closed on Sunday.

Fantastic opportunity to gain entry into an established, profitable salon without the significant start-up costs associated with construction, lease build-out and initial equipment purchases.

Seller will stay on to transition the new owner and may stay on part time as a stylist.

Attached Documents


Detailed Information

Location:
Saint Croix County, WI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,576
Lease Expiration:
5/30/2020
Employees:
6
Facilities:
Built in 2005, space was designed by veteran stylist. Well maintained and beautiful inside. Quality materials and upscale furnishings throughout. Full window entrance offers open and welcoming client reception area
Competition:
This hair salon is located in a busy shopping area located on a main road which exits off HWY 94. This location provides great visibility for the salon along with easy access for traveling and local clients. There is a tanning salon in the strip center next door of which they share a parking lot offering the opportunity for cross-over clientele. The strip center offers a spacious free parking lot. The salon maintains a healthy balance of new customers and returning clientele providing a constant stream of new loyal clients.
Growth & Expansion:
There are many ways to increase the revenue with this great business. * Increase advertising and promotion * Bring on additional stylists * Expand wedding and special event orders * Future road improvements would add two lanes creating more exposure * Reactivate clients from the large client database. * Target new customers from the 400 new residential home development nearby. * Capture clients and corporate opportunities with the new hotel nearby. * Extend weekend hours * Improve social media presence * Improve walk-in traffic activity Support & Training: Included in the sale is an employee manual, salon specific management software, and the owner is willing to provide training to assist with the transition.
Support & Training:
Included in the sale is an employee manual, salon specific management software, and the owner is willing to provide training to assist with the transition.
Reason for Selling:
Potential Relocation
Business Website:
http://www.bridgewaybb.com
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Rocci Lueck

Business Listed By:
Rocci Lueck

Bridgeway Business Brokers

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Sponsoring Broker:
LouAnne Loewen

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