TURNKEY Full Service Hair & Beauty Salon ONLY $49K! - Germantown

Germantown, MD (Montgomery County)

TURNKEY Full Service Hair & Beauty Salon ONLY $49K! - Germantown
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Asking Price: $49,000

Cash Flow: $52,000

Gross Revenue: $475,000

EBITDA: N/A

FF&E: $50,000

Inventory: $4,000*

Established: 2011

*not included in asking price.

TURNKEY Full Service Hair & Beauty Salon ONLY $49K! - Germantown

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Business Description

Back on the market 4/24/19 for ONLY $49K priced to sell quickly!

Well established for over 7 years, this is an outstanding opportunity for a current stylist to own their very own salon in a very affluent area of upper Montgomery county!

Nestled in a premier commercial center that is anchored by a grocery store with pharmacy, a bank and multiple other successful businesses that draw very high traffic to the center, this stunningly decorated, tastefully appointed and quaint salon offers a full array of hair-styling, coloring, highlighting etc. complimented by offering their guests top of the line beauty products in addition to nail and spa services including facials, waxing and threading. Nine professionally trained stylists, a manicurist and receptionist are currently on staff and wish to stay on with the new owner. Current owner and founder of this beautiful salon is a licensed stylist but does not service clients allowing significant, additional income opportunity for a new owner to bring their own client book and add to the profitability of this business immediately!

Salon is fully equipped with 12 styling stations, 3 shampoo stations, a manicure station and a private room for waxing and pedicures.

For more information, please contact the broker to request a confidentiality agreement. This gorgeous salon won’t last long at this low, low asking price as current owner is motivated to sell quickly due to serious health issues.

Detailed Information

Location:
Germantown, MD
Inventory:
Not included in asking price
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1500 square feet: 13 total: 9 stylists, 1 receptionist, 2 Shampoo, 1 Manicurist. Nestled in a premier commercial center that is anchored by a grocery store with pharmacy, a bank and multiple other successful businesses that draw very high traffic to the center
Competition:
Very attractive, full service salon in a high income area with little competition.
Growth & Expansion:
Current owner is not a stylist allowing tremendous opportunity for an owner/stylist to bring their own clients and significantly growth is business from day one!
Support & Training:
Seller will allow for smooth ownership transfer
Reason for Selling:
Health Issues
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(from currently available funds)
 
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James King

Business Listed By:
Jim King

King & King Business Advisors

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