Asking Price
$2,250,000
SDE
$808,815

Industry

Hair Salons and Barber Shops

Gross Revenue
Location

$2,555,957
Norfolk and Middlesex Counties, MA

Business Description

This business has been providing salon services at an affordable price for 30 years. Walk-ins are welcome at any of the three locations, or customers can make an appointment ahead of time, either in the mobile app or with a call.
The company offers haircuts, color, Keratin treatments, and blow-dry services, all from experienced stylists at a reasonable price. The true value of a great style keeps many customers coming back, with 85% of customers returning.
The company takes pride in its high level of employee retention, creating a pleasant environment for both employees and customers.
While the stylists employed by the salon need to be licensed, the new owner does not require any specific license or training.

Detailed Information
Internal ID
1818

Business is
Absentee Owner

Number of Employees
56 (all three locations)

Financing Notes
A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

FF&E
$120,000

FF&E Included
Yes

Inventory
$18,000

Inventory Included
Yes

Additional Information
Reason for Selling

Retirement

Support & Training

The seller will provide training and support to ensure a smooth transition

Growth & Expansion

After thirty years in business, the business has established a reputation for great service at affordable prices, but room to grow always remains.
One of the best ways the new owner could grow the business is through expansion of the current marketing, reaching potential customers through exploring new channels or putting more resources into existing channels. Though there is a Facebook page, it is not actively managed. Better utilization of Facebook and expansion into additional marketing channels provides an excellent growth opportunity for the new owner.

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Salon Services with Multiple Locations
Asking Price
$2,250,000

SDE
$808,815

Industry

Hair Salons and Barber Shops

Gross Rev.
Location

$2,555,957
Norfolk and Middlesex Counties, MA

Business Description

This business has been providing salon services at an affordable price for 30 years. Walk-ins are welcome at any of the three locations, or customers can make an appointment ahead of time, either in the mobile app or with a call.
The company offers haircuts, color, Keratin treatments, and blow-dry services, all from experienced stylists at a reasonable price. The true value of a great style keeps many customers coming back, with 85% of customers returning.
The company takes pride in its high level of employee retention, creating a pleasant environment for both employees and customers.
While the stylists employed by the salon need to be licensed, the new owner does not require any specific license or training.

Detailed Information
Internal ID: 1818

Business is: Absentee Owner

Number of Employees: 56 (all three locations)

Financing Notes: A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

FF&E: $120,000

FF&E Included: Yes

Inventory: $18,000

Inventory Included: Yes

Additional Information
Reason for Selling

Retirement

Support & Training

The seller will provide training and support to ensure a smooth transition

Growth & Expansion

After thirty years in business, the business has established a reputation for great service at affordable prices, but room to grow always remains.
One of the best ways the new owner could grow the business is through expansion of the current marketing, reaching potential customers through exploring new channels or putting more resources into existing channels. Though there is a Facebook page, it is not actively managed. Better utilization of Facebook and expansion into additional marketing channels provides an excellent growth opportunity for the new owner.



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