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Hair Salon

For Sale in MD

Financial & Assets Details

$480,000

About the Business

13

Business Description

This is the premiere unisex hair salon in Montgomery County. Well established and owned by the seller since 1998! This location is phenomenal: VERY high traffic and ample free parking. Gross monthly sales average about $40,000 per month. Rent is only $4,271 (plus $612 for CAM charges) for 2046 square feet. Hours of operation: Tuesday through Friday 8 a.m. to 6 p.m. and Saturdays 7 a.m. to 3:30 p.m. This hair salon employees 13 employees and has an average monthly payroll of roughly $18,000. 14 chairs. Stylist are paid on a commission basis either 50/50 or 60/40...several stylist receive paid vacations. Other Monthly Expenses: Pepco $360, Verizon $188, Washington Gas $115, Comcast $127 and WSSC $200. The approximate value of the inventory is $45,000.
There is a receptionist on staff Thursdays, Fridays and Saturdays.
On Tuesday and Wednesday, the staff answers the incoming calls. The salon employs an hourly paid shampoo specialist Tuesday - Saturday.

Listing ID: 1007

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