$646,640
Business Type: Beauty/Personal Care / Hair Salon, Beauty/Personal Care / Hair Removal
Beauty/Personal Care / Hair Salon, Beauty/Personal Care / Hair Removal
We are pleased to offer for sale, this well established hair and waxing
salon. This well-established, and successful, 9-year-old family owned
and operated company was incorporated in 2015, by its owner and founder.
The seller wanted more than just a place for beauty treatments; she
envisioned a sanctuary where clients could escape the stresses of daily
life and experience true renewal. They carry a luxury product line,
which features the pure flower and plant essences.
With over 20
years of experience, she spent years owning and managing one of the
Classic Cuts family hair salons before following her true
passion—creating a unique spa experience. This vision led her to
establish this salon, a sanctuary for relaxation and renewal.
They
use natural products and the seller has a very strong relationship with
the products distributor. She will be able to transfer her many-year
relationship to the new owner if they want to continue offering the same
luxury products. The salon’s revenue mix is approximately 99% from hair
styling and only about 1% waxing services.
The seller has a
training manual for their software program, and they also benefit from
grandfathered pricing for their software package at only $107 per month,
which manages booking appointments, inventory, reporting, service
providers set up, etc.
From the moment their clients step
inside, the goal is simple: to help them feel refreshed, rejuvenated,
and restored. In this serene atmosphere, their clients experience a
transformation—one that leaves them feeling completely at peace.
Over
the past three years, this company has generated relatively solid
revenues of between $160,939 in Year 2024, $177,031 in 2023, $174,064 in
2022, and $184,936 in Year 2021 and it has generated cash flows of
$76,587, $60,852, and $49,091, and $71,141, respectively. The salon had a
decline in revenues in recent years from 2023 to 2024 due to a
reduction in the stylist hours from full time to only part time, as well
as a reduction in the number of stylists over those years.
The
salon has two staff, consisting of the owner and another stylist. The
seller works in the salon approximately 33 hours per week The other
stylist is paid hourly wages plus tips, and the seller is paid hourly
wages and is a W-2 employee of the company.
The salon’s maximum
staffing capacity are nine stylists, 1 spa tech, and it can it can
accommodate more stylists and spa techs if they are placed on a rotation
schedule. Adding a rotation schedule will generate more income as the
stations are not just sitting empty as they would always have clients in
the chair which would maximize revenue.
For inquiries or to get in touch with us directly, please feel free to reach out via the provided phone number or complete the form below. We’re here to assist you in any way we can, making your business exploration as seamless as possible.
