Listing Details:

• Business Category:     Beauty/Personal Care
• Price:                             $50,000
• Gross Revenue:           $290,762
• SDE:                              $20,127
  
• Seller Financing:          Yes 
• Location:                       Minnesota
• Employees:                   5
• FF&E:                             TBD
• Support & training:       Indefinitely
• Reason for Selling:       Retirement     
• Non Compete:               200 Miles for 5 Years
• Years Owned:                42
  
  
  
  

Business Description

This well-established, full-service hair and nail salon offers a wide range of services, including haircuts, coloring, perms, waxing, and ear piercing. With over 40 years of operation, it has built a loyal customer base and a strong reputation in the community. The salon is known for its experienced staff and friendly, affordable atmosphere. This business presents a fantastic opportunity for a potential buyer to step into entrepreneurship with a turnkey operation that is already successful and poised for continued growth.

Business History

Founded over 40 years ago, this hair salon has been rooted in the community for many years. Built with a focus on delivering high-quality, tailored services to meet the needs of every client. Over the decades, the business has become known for its warm and welcoming environment, where clients feel at home while receiving expert hair care.

Competitive Analysis

This business offers a boutique, client-centered experience over the assembly line feels of larger salons. Proven by its ability to pass the test of time, the business is stable and has outlived COVID shutdowns and the rise and fall of many different hair styling trends. The long-standing history of the business provides a trusted brand and recognition from its deep roots in the community.

Growth Potential

This business has a large opportunity to leverage social media and build on its online presence. Expanding related services such as eyebrow/eyelash service, makeup, etc., and introducing customer loyalty programs are other avenues for growth.

Facilities

Rent space in high traffic strip mall.

Operating Hours

By appointment

Number of Employees

0 Managers

0 Full Time

5 Part Time

Total: 5

Owner Weekly Hours

30 hours