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This represents a wonderful opportunity for someone looking to start their own first salon or expand their own existing concept into one of the most populated and desirable areas to live in the country.
The business enjoys 90% repeat business; excellent online reviews; and a client base built up over 5 years which is when the salon first opened. The business offers a number of additional spa services, which are popular with regular clientele. For family reasons, the owner has reluctantly decided to sell. Therefore, this is truly a turnkey operation for a minimal investment outlay.
While the business was naturally affected in 2020 due to COVID-19, gross sales still reached $312,756, approximately 90% of its usual annual revenue. Given its location, smaller, intimate setting, and low overheads compared to larger and noisier salons, the business was well-positioned to recover and continue to thrive in the future.
• Located in one of the most populated and desirable cities in the country
• Excellent online reputation (4+ star reviews) for its consistent, high-quality services.
• Strong, loyal customer base due to the wide range of spa services offered.
• 80% of clients enjoy more than one service per visit providing a high average receipt price.
• Turnkey operation with the minimum initial investment required
Very little competition in the area
The expansion of digital marketing will greatly increase gross revenue.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.