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Description

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.

 

 

 

hair salon for sale in los angeles

 

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.

Contact info

Pronova Partners

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