Successful Salon with a full team and great history!

Essex County, MA

Successful Salon with a full team and great history!
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Asking Price: $100,000

Cash Flow: $52,262

Gross Revenue: $741,588

EBITDA: $52,262

FF&E: $10,000

Inventory: $8,000*

Rent: $3,500 /Month

Established: 2000

*not included in asking price.

Successful Salon with a full team and great history!

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Business Description

Jump into this high-end, well-established salon in the heart of a thriving community. For over 20 years this salon has been a staple in the community with loyal repeat customers serviced by a fantastic team. With a great team in place the salon is ready for expansion. An owner-stylist to come in and build their clients in this incredible salon alongside some of the top stylists in the area.
The salon layout was designed to create a spacious, private salon experience. When patrons arrive, they enter into a comfortable waiting area and the move into one of the individual stations with their stylist. Multiple wash stations and dry stations are in place to efficiently provide clients will complete salon services. A separate color mixing room is well organized with great counter and working space. Spacious work stations and a great employee break space make the salon as appealing to stylists as customers.
**Note - Cash flow is salon earnings. A trained stylist can earn additional income!**

Detailed Information

Location:
Essex County, MA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully maintained spacious layout designed to create a relaxing, private salon experience. 6 stations, full color room and reception area. Gross lease includes most utilities!
Competition:
Located in an upscale, busy town center with ample parking both on and off-street and surrounded by numerous upscale main street businesses organically attracts the right clientele for the salon.
Growth & Expansion:
Growth opportunities include the addition of a new stylist and continued training of associates and assistants to become stylists.
Support & Training:
2 weeks
Reason for Selling:
Retirement
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Transworld North Boston

Business Listed By:
Aaron Fox

Transworld Business Advisors of North Shore Boston

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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.

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