The company is a popular upscale hair salon in Washington D.C. The company continues to experience tremendous year-over-year growth, just opened a prime second location and is currently up for sale to qualified buyers exclusively through Raincatcher. The company has an extremely loyal customer base. The salon has such an excellent reputation that clients come from as far as 100 miles away for their services. The company is best known for its unique methods and highly skilled stylists. The company specializes in balayage hair painting, dry hair cutting, and color correction.
The salon has been featured in magazines such as InStyle, W Magazine, and multiple local DC publications. The original salon studio became so highly regarded in Washington D.C. that it was invited to open a location in the city’s newest upscale development. This new location solidifies the continuance of robust year-over-year growth. The company has demonstrated strong profits over the past three years and provides an ideal opportunity for a buyer to enjoy predictable cash flow from a solid, steady business.
The hair salon industry is on the rise due to consumer confidence in the economy and additional disposable income. On average, the industry generates $44 billion annually and showed a 1.8 percent average annual growth rate between the years of 2012 and 2017. The industry is expected to continue growing at a rate of 1.9% over the next five years as unemployment rates continue to drop and consumers have increased discretionary income for luxury hair salon services.
Their Sellability Assessment came in at a terrific 68. Of the eight key Sellability drivers, the company rated particularly high in the areas of recurring revenue, customer satisfaction, and the “Switzerland Structure” (which evaluates how dependent the company is on one customer, employee, or supplier).
The company has done an excellent job of training its employees in the coloring and styling techniques that command premium revenue. The company has a well-trained staff and it is currently preparing a group of its team to transition to the new location so that they can provide the same level of high-quality service and skills. This is a rare and exception opportunity.
- A salon with an excellent reputation and loyal clientele.
- Highly-skilled employees that receive ongoing training and support.
- Strong margins.
- An opportunity to expand the Company’s reach into additional lucrative areas of the market.
This is an asset purchase that includes all the assets and liabilities of the Company. The asking price is $2.329 million.
|Yrs In Business||4 Years||FF&E||$389,935 at Location 1 and $700,000 at Location 2|
|Employees||16 full time, 5 part time||Terms||Negotiable|
|Hours||Tues 11:00 a.m. – 7:00 p.m.
Wed – Fri: 8:00 a.m. – 8:00 p.m.
Sat 9:00 a.m. – 4:00 p.m.
|Facilities||Two Leased locations:
– First Location ~ 1,500 sf
– Second Location ~ 2,560 sf
|Reason for Sale||No longer wants to own a business, willing to stay on part time|