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This very profitable beauty salon has had terrific growth---the last four year averaging 35% per year, growing to $1.1 million in 2016. This upscale trendy salon is a business opportunity for an individual or a strategic buyer to enter the active beauty industry. Possibility of franchising this unique concept. Located in a high traffic, wealthy community----a neighborhood where people work, eat, shop and live. This salon gets a large percentage of their business from wedding parties and other functions. Along with a mix of hair, beauty and nail treatments services, their unique location along with one service not usually found in conventional salons-----allows this salon to execute parties and functions---like no none else in their market. More than being part of beauty industry---it's being part of a social party culture! This business is currently run by an absentee owner. Great social media presence, Highly Profitable!
2 and 1/2 years to go with a 3 year option to renew.
$83,000 (USD) per annum
High traffic area where people shop, eat, live and work
3,388 sq ft in a shopping mall
Only 60% occupancy of the stylists booths........plus many more functions and parties if someone focused. Possibility of franchising this unique concept.
The reason this salon has grown 35% a year the last 4 years to $1.1 million is no one offers the exact mix of services
The Owner has a full time job. The business and job to much.
Mon-Fri 10-8 Sat 9-6
Owner will work with new buyer for at least 30 days.
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