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Established, Full Service Hair Salon

Seller: Attn: Jan Lawrence
Location: Richmond
Listing Number: 844818435

Asking Price: $75000.0000 USD USA Dollars
Industry: Services: Hair, Nails, Spas, Tanning
Reason for Selling: Lifestyle goals of the owners have changed since
Year Established: 2002
Number of Employees: $8
Yearly Revenue: $266000.0000
Yearly Cash Flow: $1,000 per month in 2008
Monthly Payroll: $12,000

Overview:

Established hair salon in a high traffic location on busiest street in Richmond’s West End. Fully staffed with talented stylists and manager. Large and loyal customer base. Primed for growth.

Property Features and Assets:

Beautiful, well maintained facility and equipment with 10 styling stations. The end unit of a strip center, the salon has great visibility (front and side) and signage facing the busiest street in the Far West End of Richmond. Ample interior retail space and waiting areas, along with the end location at the strip center make it an esthetically pleasant place to be for guests and staff.

Market Competition and Expansion:

This salon’s reputation for great service at moderate prices has become an effective defense from the low price “chop shops” that are in the market. The steady improvement in the quality of the staff has lead to steady gains in revenue, customer count and bottom-line financial results. These results over the last year have demonstrated the unrealized potential of this business and have it primed to move to the next level.

Additional Details: