Highly-Profitable Hair Salon

North Hollywood, California

Business Summary: This highly profitable salon in North Hollywood is a lovingly-updated store with solid, stable income. The owner is not a stylist yet still books a nice salary for herself. The shop was built out as a nationally-branded franchise location three years ago and looks fabulous, with upscale touches not typical for a family-oriented salon. Most revenues come walk-ins. Its modest price points, coupon specials and fun, friendly atmosphere makes this a very enjoyable destination for families. The shop has a wide assortment of haircutting and styling options for men, women and children, seven days a week. The business offers many specials for new customers and seniors as well.
Year Business was Established: 2015
Number of Employees: 5
Facilities / Terms of Lease: There are four stylists, paid hourly, with no commissions or renters employed. It’s a 1,700 square foot space located in a very active shopping center. Rent is $2,800 per month. The lease expires in April 2018, with one 5-year option. The business also books several thousand dollars a year in retail product sales. The salon benefits from lovely, high-end appointments, including a web-based security camera system and a GuestVision POS system. This is a well-run, profitable salon that is move-in ready. With salaried stylists and heavy walk-in traffic, the salon will not likely suffer from potential stylist turnover when the business is sold. Very little capital improvements will be needed in coming years, now that the space has been built-out so nicely. Contact Brian Loring, First Choice Business Brokers, at 818-973-2755 for more information.
Owner willing to finance: No Seller Financing Available
Owner willing to train: Owner Will Train
Reason for selling: Retirement