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Hair Salon For Sale - San Diego, California
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Profile: Established Hair Salon In Upscale Neighborhood.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Dave Haug, Broker
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| Primary Phone: |
858-391-3388 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/9/08 |
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| Date Last Revised: |
10/9/08 |
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| BizBen Ad #: |
123227 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$54,900 |
| Down Payment: |
$54,900 |
| Annual Revenue: |
Call/Email |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$0 to $100,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Summary
The Business Is A Full-Service Hair Salon With Seven Chairs Located In An Upscale Area San Diego’s North County. Currently There Are Two Part-Time Stylists In Addition To The Owner. The Salon Has Attained A Reputation For Cutting Kids’ Hair And Making The Experience Very Enjoyable For The Kids. This Is A Niche For The Business And Could Be Expanded By A Buyer. Two Of The Seven Chairs Are Toy Jeeps That Are Used Specifically For The Kids. The Salon Is Located In An Area That Has Experienced Tremendous Growth Over The Last Five To Six Years, Although The Growth Has Slowed The Last Two Years Due To A Soft Housing Market In San Diego. In 2007 The Seller Reduced The Staff To The Owner Full Time And Two Stylists Part Time. Previously The Owner Had Two Full Time Stylists And One Part Time. The Seller Has About 380-400 Regular Customers Per Month.
Marketing
The Salon Cuts Men, Women And Small Children’s Hair. In Fact, The Business Has Achieved A Reputation For The Cutting Of Kid’s Hair. A Couple Of Reviews From The Baby Nest: “They Have A Little Car For The Kids To Sit In, Treats, And The Stylists Really Take Care Of Them. My 4 Yr Old Son Loves Going Back. They Really Make It An Enjoyable Experience. I Had Given Him All His Haircuts Until Recently And Was Surprised To See How Well He Took To A New Person.” The Business Expenses About 5,000-6,000 Per Year For Advertising Which Is Primarily Yellow Pages. The Seller Feels That Periodic Direct Mailings With Incentive Based Discounts Could Greatly Enhance Revenues. Word Of Mouth Referrals And Repeat Customer’s Account For The Majority Of The Revenues.
Strengths
Located In A Desirable And Expanding Area Of Upscale Homes And Shops. The Concentration Of Cutting Kid’s Hair Has Paid Off As This Is Their Niche. The Seller Has Been In This Location For Eight Years And Enjoys A Very Good Reputation In The Business And The Community.
Hours And Staffing
The Salon Is Open Tuesday, Thursday And Friday 9 AM – 7 Pm; Wednesday 9 AM – 4 PM And Saturday 9 AM – 5 Pm\. Currently The Owner Is The Main Producer And She Has 2 Part Time Stylists. The Part Time Stylists Work On A 50% Commission Split With The Owner And Receive 10% Of Whatever Products They Sell. There Is Ample Room To Add 4-5 Full Time Stylists If The Buyer Chose To Do So. In 2005 And 2006 The Seller Employed Two Full Times And One Part Time Stylist In Addition To The Owner.
Area & Facilities
The Salon Is Very Attractive And Well Kept And Is Located In A Retail Mall. This Is An Upscale Area On Busy Roads In An Expanding Area Of San Diego County.
Company History
The Seller Started The Business Eight Years Ago And Has Maintained Steady Growth Up Until The Last Two Years. The Downturn In The Housing And Retail Markets Are The Main Factors To A Reduction In Revenues. Additionally, The Seller Cut Back From Two Full Time Stylists To Just Herself And Added One Part Time Stylist.
Additional Information:
The Seller Is Willing To Work For The Buyer On A Part Time Basis, Up To 30 Hours Per Week, Preferably On A Commission Scale. This Would Make The Transition Much Easier For The Buyer As The Seller Has Many Loyal Customers.
This Is A Confidential Offering. Prospective Purchasers Are Cautioned To Abide By The Strict Guidelines Of The Non-Disclosure And Confidentiality Agreement They Signed.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Dave Haug, Broker at 858-391-3388 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
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| 2008-11-22 |
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