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Hair Replacement

PA (Relocatable)

Hair Replacement
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Asking Price: $240,000

Cash Flow: $146,060

Gross Revenue: $338,869

EBITDA: N/A

FF&E: $50,000

Inventory: $15,000

Established: 1981

Hair Replacement

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Business Description

This salon has been in business for 35 years and is still owned and operated by the founder. It still resides at its original location which is a heavily traveled road in a well populated suburban location. The salon provides hair styling, waxing, facials, eyelashes, etc. but 90%+ of their business is hair replacement. They also have a state of the art process related to hair replacement coming that is expected to significantly increase revenue. It is a perfect fit for someone looking to open a profitable salon with an excellent reputation in a niche market or a current salon owner that would like to add another location and/or diversify their services. This salon is established, stable and very well managed. If in the market for a salon, this is a must see.

Detailed Information

Inventory:
Included in asking price
Employees:
2 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The salon is operated in an attractive stand alone facility on a road with an extremely high traffic count. Ample parking is available and a brand new electronic scrolling sign draws extraordinary attention to the business.
Competition:
Competition in the core business of hair replacement is extremely limited. They have customers that travel 60 to 100+ miles for their services due to their reputation of exceptional knowledge in the hair replacement business.
Growth & Expansion:
This salon definitely has significant growth potential, not only expanding hair replacement services, but also by advertising and promoting the additional services offered. Also, the salon could open six days per week versus five and stay open beyond 6pm.
Financing:
Lender pre-screened with $48k down.
Support & Training:
Will train for 6 weeks @ $0 cost. A cosmetology license is required. The salons core business is focused on hair replacement services, however other services provided are hair styling, facials, waxing and eyelashes.
Reason for Selling:
Retirement.
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Jack Greenawalt

Business Listed By:
Jack Greenawalt

Murphy Business & Financial Corporation

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