SOLD-Hair Salon for Sale – Los Angeles, CA

SOLD! ‘Q3 2018

Find Hair Salon for Sale – (Los Angeles, CA)

Business Overview:

• Luxury hair salon in the heart of West Hollywood is for sale!
• This salon is located in a high traffic complex shared with a busy specialty market and coffee house.
• Seller invested upward of $455,000 to completely build out the interior and create a warm, modern and masculine space in which customers feel comfortable and pampered, while providing the best equipment to its stylists.
• This is a substantial value to a Buyer -who will not have to invest a dime in improvements for years to come.
• The doubling of gross revenues since the enhancements is a validation of the investment and its follow up plan to stand out by its commitment to exceptional customer service is paying off handsomely.
• There are currently 65 5-star average reviews on Google and 10 reviews on Yelp with an average 5 stars.
• Industry indicators project high revenue growth for at least the next 3 years, if not longer and will enable Buyer to increase the 15% net margin. Low purchase price reflects $104,000 in liabilities (all prepaid packages) that Buyer will assume.
• The former franchised salon was re-branded in November, 2017 and is now independent; not bound to pay franchise or royalty fees.

Other Information

• Employees: 8
• Furniture, Fixtures, & Equipment (FF&E): Included in asking price
• Facilities: Beautiful build out, once we secure the NDA we’ll send
  the full package with pics!
• Competition: There are very few upscale hair salons like this one,
  even fewer in an accessible location like this one with validated
  parking.
• Growth & Expansion: Buyer with branding experience could grow
  customer base with targeted social media, neighborhood advertising and
  support of community events.
• Support & Training: 2 weeks at 10 hours per week.
• Reason for Selling: Owner is relocating to the East Coast.