High Quality Hair Salon
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $292683
Net Profit / Cash Flow $64344
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1996
Number of Employees 6 - 9
Inventory 12000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Provided.
Reason for Sale Other business opportunities.
Description Modern salon for sale with a strong reputation for excellent service and repeat customers. Conveniently located in Medford/Somerville area, this is a great opportunity for a stylist who wants to increase the income from the business by also cutting hair and performing other services while owning their own business. Services provided include hair styling, body hair removal, manicure/pedicure, Brazilian waxing, Henna Eye Brow, etc. Business has long history of steady sales and profits.
This business has 800 square feet of space for 8 styling chairs plus 3 washing/coloring stations. Additionally, there is another 200 square feet of private space in the basement for services such as body hair removal, which requires privacy. The shop was completely renovated in 2006 and has a modern, sharp look and feel. The current owner is not a stylist. A new owner that is a stylist can increase profits by also performing services in the business. Additionally, the business pays an outside Class 1 stylist for the use of the license. An owner who is a Class 1 stylist can eliminate this expense.
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