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Nov 1, 2019Successful hair salon offering all the latest styles and techniques ideally situated in a highly populated shopping center. Well known for both its precision and also its consistency, stylists attend multiple exclusive seminars every year to keep them on top of the latest hair trends. This hair salon has 6 full sized chairs, 1 child sized race car chair, 2 hair wash stations, 2 dryer chairs, a breakroom with washer/dryer, and a spacious waiting lobby. The list of services include haircut, beard trim, perm, highlight & coloring, eyebrow coloring, and facial waxing. This is an absentee run business that will keep the manger and employees intact during and after the transition of ownership. The facility is 1,190 sq. ft. and is surrounded by multiple anchor stores that bring in foot traffic from cross consumer businesses. Rent is $3200 per month and is on a newly negotiated 5-year lease standing through 2024.

Current marketing efforts primarily target the local community and could expand the campaign to reach more of the residential based consumers in the surrounding area. Marketing platforms are limited to craigslist, local business advertising magazine, and word of mouth advertising, leaving room for more digital advertising, a stronger social media presence, and promotional deals for the slower days of the week. The main distinctions of clientele are men, women and children. A more efficient advertising plan that more effectively pinpoints key demographic groups could help drive profits for new ownership. Currently the owner does not rent out the chairs to hairdressers. A restructured business plan designed to draw in more revenue by charging rent of the hairdresser stations has the potential to bring in unrecognized revenues and fill all the chairs within the facility. The store also has a strong presence of top of the line hair products that bring in a steady source of income. These brand name products include: Papi S Co., Johnny B, Color Edge, Matrix, and Red Ken.

This hair salon is ran by an absentee owner that has hired a manager to oversee the day-to-day operations and manage the employees. This is an opportunity for a new buyer to take over a turnkey business that has all staff, management and a loyal customer base intact and fully operational. The current owner has become too busy to continue ownership of this location but doesn’t want to disband the current employees from the business they have helped build. Due to these factors, this would be a fluid transition to new ownership without disrupting the current flow of business.

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