This highly attractive Silverlake Area hair salon, which boasts a high traffic main street location, is ideal for the owner-operator who is also a hair stylist or beauty technician and can capitalize on the space as the current operator does, and enjoy rental revenues from the 4 -5 additional stylists. The 5 chair salon has excellent street exposure, an onsite rest room and a storage room with a washer and dryer.

This 1,200 square foot salon leases for $3,000 per month. A new lease will be negotiated in the sale. All of the business's furniture, fixtures, equipment and goodwill will be included. Approximately $1,000 in inventory will be sold at cost at close.

While competition exists in this highly popular area clients prefer this salon’s convenient location and tend to be loyal to their stylists. As such, apart from location based walk-in traffic, competition has little impact on the salon – and minor revenues swings are buffered because the hair technicians are on monthly rental agreements.

This salon has a limited website and engages in little advertising. It mostly relied on word of mouth referral from existing clients and walk-in traffic. As such, it would tremendously benefit from a traditional marketing and advertising campaign, branding the salon with a focus and promoting its services. The salon also has a limited retail offering that only account for roughly $20k in annual sales, with $10k in profit. It could benefit from bolstering it and the technician’s incentives to increase retail sales.

Posted Oct 14, 2016

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