Listing Number: 090122-772401
Description
Cash Flowing Salon & Spa with Long Term Lease and Low Rent!!!!
Established: 2015
Location: High visibility main street with parking available
Area: Highly sought after DC Location
Average Net Margins: 22 %+/-.
2023 Sales: $ 600,000.00 (approx.)
Cash Flow: $139,800.00
Payment terms: 70 % (Credit/Debit Cards) | 30% (Cash)
Size: 1,450 SF Store with low monthly rent of $9,200.00 (NNN).
Lease terms: Long term.
Inventory: $ 20,000.00 (approx.) is included in the sale price.
Majority Customers Type: Well established and high income individuals and families, large commercial and residential buildings
Yearly Revenue and Profit Trends: Steadily growing
The sale price of $450,000….which is just 3.21 years of NOI !! This is a cash cow business.
Hours of operation: SUN-WED: 10.00 AM-6.00PM, THU-SAT: 11.00 AM-5.00 PM
This well reputed business located in Newer Washington, DC, area presents a unique opportunity to acquire a long-established upscale salon specializing in a high-quality experience catering to a diverse customer base. The company operates as a full-service salon & spa, offering cuts, coloring, extensions, hair treatments, facial and nail care services, retail products, and more. The company shows strong sales and profit growth trends. This is due to local, repeat business, successful marketing bringing in a constant flow of new clients, and efficient systems implemented by the current owner. Needless to mention, the company’s stylists are highly experienced, and customers are matched with a stylist based on their needs. The unique combination of high-quality results, a luxurious experience, and a family-like atmosphere keeps customers coming back.
The business has more than 500 highly loyal clients for sale for the 1 well experienced hairdresser that purchases. All 500+ clients will be owned by the one Salon person/hairdresser/purchaser. We are seeking an experienced committed, devoted buyer to purchase the business that is willing to put the time and devotion in that to take it to the next level by keeping the 500+ valuable clientele intact and offer excellent services at large, to high end clientele of all upper income men and women. There are greater possibilities to enhancing the clientele. The salon gets new clients daily because it has a long standing excellent reputation.
The business is at an upscale high traffic main street in beautiful The Wharf location with state of the art leasehold improvements and FF & E set up, gracing with stylist chairs, wood cabinets and light adjusting mirrors. There are 3 shampoo stations and also have a set up for waxing at one of the stations. They have 2 dryer chairs and 1 color processor. Nice front desk area, along with 6 waiting chairs, wood cabinets at stations, retail shelving, color bar, large hot water heater, break room containing microwave and fridge.
Since opening the salon and working full time for the past 9 years and the owner has built up a solid group of hairdressers that all have their own separate clientele, some of which started with them as assistants and grew into successful busy hairdressers as well. As stated, each hairdresser has their own clientele. Most individual tickets of the 500+ clientele are charged a minimum of $130- $400 depending upon the service.
Market Research Suggests:
According to industry data, sales for the US hair care services industry are forecast to grow at a 9.62% compounded annual rate from 2024 to 2029, faster than the growth of the overall economy. This consumer demand, combined with significant growth in the service area, positions this business for continued success for years to come.
With a dedicated and experienced staff, the new owner can anticipate working on the business rather than in the business.
Do not want to deal with tire-kickers. If you truly interested send appropriate financials or you will not receive a response. Please dont waste our time and we wont waste yours. This is a fantastic opportunity for an experienced buyer. 95% of business is with the local neighborhoods.
Proof of funds is required.
For more information, please contact:
Aamer Chaudhary - President/CEO, Transworld Business Advisors, Downtown Washington DC at;
Cell: 202 509 3739 / 703 4570362 or Office 202 461 2204 or by email [email protected].
Listing Details
- Price: $ 450,000
- Down Payment: $200,000
- Sellers Discretionary Earnings: $ 139,800
- Total Sales: $ 576,000
- Location: District of Columbia
- Inventory: $ 20,000
- FF&E: $ 105,000
- Employees: 5
- Year Established: 2015
- Reason for Selling: Retiring
- Category: Beauty/Personal Care
