Extremely well-located, upscale salon in wine country
Gross: $ 147,518
Cash flow: call/email
Furniture, fixtures & equipment: $150,000 (included in price)
Inventory: $40,000 (included in price)
Don't miss this opportunity to own one of the most highly esteemed salons in the heart of one of the wine country's busiest, most popular downtown areas. This relatively new, beautiful salon is quickly establishing itself as a california icon of quality and european style. The salon has a coveted 'use-permit' that costs thousands of dollars and takes months to get approved. That is, if you're lucky enough to find a space available in this highly sought-after commercial area with its small-town but vibrant charm.
The salon is presently staffed with 6 hair stylists, one esthetician, a nail technician and a receptionist/sales person. Downstairs, there are well-equipped stations for four hairstylists and one esthetician as well as an impressive glass enclosed mezzanine. Upstairs, there are two hairdressing stations and two large treatment rooms for waxing, lashes, tanning and massage, or for future expansion or addition of other services and products.
The surrounding hotels and local resorts all call on this chic and sexy salon to cater to their client's beauty needs. The salon can be expanded to a more amazing business, especially if it were open on saturdays for weddings, etc. There are mega opportunities for potential high-dollar business!
The salon differentiates itself based on its exceptional presentation and services. And it offers an extensive variety of sought-after brand named products. Its highly professional operational structure consistently delivers top quality service. Each time clients enter the salon they are impressed by the cleanliness and beauty and by a receptionist who pampers clients with impeccable hospitality, introducing a service bar offering citrus water and nespresso coffee freshly made to order. The goal of the loyal, competent staff members is to exceed the expectations of their mostly affluent clients.
Modern and elegant, situated in one of the best locations, this salon's outstanding reviews show this to be a personal service oriented owner/operator's dream business. This exquisite salon is situated at street level and gets lots of foot traffic. Its recent build-out takes full advantage of the space and shows the salon at its best. Customers are enamored with the high ceilings and comfortable spa-like atmosphere. It must be seen to be fully appreciated.
This is a truly turn-key business. There are great opportunities for significant increase of sales.
Everything needed to continue to deliver exceptional service with beautiful surroundings has already been built. Approximately $90k worth of improvements has been made. The current owner has done the hard part and established a solid foundation on which to continue the rapidly up-trending financial performance. This outstanding salon is ready for a new owner to take it to the next level.
Location: san francisco bay area wine country
Facilities: leased. 1,346 sq. Ft. (approx.). Initial lease term expires april 30, 2020. One (1), five (5) year option is available. The landlord is reasonable and should be open to further time extensions.
Competition: there are a couple of salons on the side streets, but this salon is the only one that was able to secure a coveted 'use permit' for one of most desirable locations on the main street in the center of this town, which draws tourists from all over world.. To be clear, there currently are no other salons allowed on this busy main street. This is a huge competitive advantage. Some locals refer to this salon as the 'salon on broadway.'
Growth and expansion: for personal reasons the salon is currently closed on saturdays, the busiest day in the industry. To increase usage and revenues, the rooms could be rented out to various professionals, e.g. Esthetician, tanning, nail, neck massage, lashes, etc. More aggressive marketing to daily walk-ins for nails and hair could be done to monetize untapped potential. Further development of the salon's online marketing could do much to continue growth in profitability. Also, additional effort could be made to establish more referral relationships with businesses that serve a similar client-base but that do not offer the specific services provided by this salon. An energetic, innovative, new owner should be able to find many growth and expansion opportunities to exploit.
Support/training: the sellers will provide necessary training and help a new owner successfully transition into this business.
Reason for sale: retirement
Year established: 2017
Employees: 2 ft, 7 pt all very competent and customer-focused, who likely will want to stay on after transfer to new ownership.
Financing: the seller may provide some financing for a well-qualified buyer with a substantial down payment.