Luxury hair salon in the heart of West Hollywood 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 pre-paid 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.
An owner who does well in cutting expenses and branding can certainly take the salon to the next level. Pictures are available with NDA.
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.