Owner Independent Salon with Strong Margins! (17670)

Financial & Assets Details

About the Business

Business Description

This profitable and owner independent salon services the Tucson area of Arizona. As a luxury provider of salon services, hair care products, manicure services, massage, and other services are all available in one location! The company’s primary services consist of comprehensive salon services including hair styles, hair cuts, perms, waxing, hair color, pedicure, manicure, and retail products such as shampoos, hair colors, conditioners, and more. In addition to the 12 employees, chairs and other areas are rented out to hairdressers, estheticians, massage therapists and nail artists for additional revenue. The retail based location totaling nearly 5,000 square feet, is in a prime location featuring 16 styling chairs and available for lease. The company has consistent revenues with the majority of its revenues coming from repeat business through its loyal customer based built through providing excellent services. Along with positive reviews and excellent ratings, being able to stay ahead of market trends and changing types of hair styles has them gaining popularity in the marketplace. With its range of services, the company’s marketing efforts focus on targeting repeating business utilizing its database of customer information. The team of professional stylists and technicians provide the owner with a steady stream of revenue, while also allowing the owner to oversee the business, without actually working in the business. In 2019, the Company’s total revenue was $553,946, with Seller’s Discretionary Earnings of $112,010. The ownership believes that its quality reputation, service, operational capabilities, and diversity in the marketplace has attributed to their continued success.

Seller Financing

Financing can be negotiable for the appropriate buyer.

Support & Training

Owner Transition of 12 months.

Reason for Selling:

Approaching retirement and/or pursuing other interests.