Virginia Beach Well Established Hair Salon Acquisition Opportunity!!!

Virginia Beach, VA (Virginia Beach City County)

Hairsalon
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Asking Price: Get Financing: $55,000

Cash Flow: $30,000

Gross Revenue: $181,567

EBITDA: $30,000

FF&E: $20,000

Inventory: $5,000

Lease Rate: $3,482 /Month

Established: 1990

Virginia Beach Well Established Hair Salon Acquisition Opportunity!!!

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Business Description

Virginia Beach Well Established Salon Acquisition Opportunity

• $180,000+ in annual sales with growth potential.
• Excellent location in the middle of shopping center and upscale residential neighborhoods of Virginia Beach.
• Location is within 3 miles from Virginia Beach oceanfront.
• Same original owner owns and operates this business since 1990 and have great relationship with local communities and clientele.
• Great opportunity for potential growth by hiring additional stylist.
• It is a turnkey sale and great acquisition for owner/operator business model.
• Immediate potential for sustainable flow of income.
• Current services include haircut, waxing and color.

BACKGROUND

This full-service hair salon is the premier destination for hair services over at the beautiful Virginia Beach. The same owner has been a stylist and operator since 1990 when she started the business. After 28 fabulous years, she is finally wanting to retire from ownership and willing to stay and simply be a stylist to enjoy an easier life. She is looking for the right successor to take this salon back on strong track and apply more updated marketing and managing style. All repeat business is from word of mouth and a clientele of 28 years. With many loyal customers, this salon has no problem filling the appointments. New energy level can bring this great salon business to another level by having additional stylists, marketing and promotion of its great location. This salon is within 3 miles away of Virginia Beach oceanfront, surrounded by high end residential area, retail and restaurants. Potential is great for someone with the energy and right mind set to see the awesome potential of this salon.

Seller will show final financial to prove earnings with qualified buyers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
2/28/2019
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller is willing to train for weeks at no additional cost. Seller will work as stylist after the sale if requested by new owner.
Reason for Selling:
Retirement
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Lex Meredith

Business Listed By:
Lex Meredith

Transworld Business Advisors

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