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Well-known Hair Salon In Old Town Alexandria For Sale

Alexandria, Virginia
Asking Price:
$90,000 (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Great opportunity to own a well-known salon and spa in Old Town Alexandria. The salon was established in 2013 and is located in a growing part of the city with a nice blend of commercial and residential centers nearby. The business has excellent reviews on platforms like Google, Yelp, Facebook and other popular sites. The salon has good street visibility and sees plenty of drive-by and pedestrian traffic throughout the day offering easy access for clients all over the DC Metro area.

In addition to the main salon space with 4 hair stations, 2 nail stations, and 2 pedicure chairs there are also 3 private rooms making this location ideal for offering additional spa services. The interior has a modern feel and just over 1500 sq ft of spaced leased for a low rate of $2251/month with a new 5-year option available. This is perfect for a stylist with their own clientele or a successful operator ready for another profitable location that’s turnkey with the immediate potential for sustainable cash flow.

Property information

Real Estate:

Lease

Lease Terms:

Rate: $2,251
Including Triple Net (yes/no): YES
Remaining Term: 6 months
Available Options: One Option for 5 years

Location:

The salon is located in a quaint corner building in beautiful Old Town Alexandria. 2nd floor with window exposure on two sides for great visibility in a high traffic and very walkable location.

Business Operation

Expansion Potential:

There are several opportunities for growth and expansion as the owner does limited advertising. A targeted online and broader general marketing campaign could yield results in a short time.

Competition / Market:

Standard competition for the market and industry.

Reasons for selling:

Seller wants to pursue other interests.

Employees:
2
Years established:
4

Other Information

Support & training:

Seller will offer necessary training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Available depending on the final purchase price, terms and qualifications of the buyer.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$1,000 (USD)

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