This thriving hair salon has been in business in the same location for over 30 years. It has a stable revenue base made up of loyal customers. Over 25% of the revenue is from chair rentals which goes directly to the bottom line. The owner is partially retired from the business and now works part time primarily on managerial tasks. The business could be run by a part time or absentee owner since the staff is well trained, tenured and works independently. The salon has an established and loyal clientele drawn from the surrounding neighborhood. Many of the stylists trained with the owner, have worked at the salon for years, and now rent their chairs and run their own businesses. In addition to the seven chair rentals, there are four part-time employees (including the owner) and one full time and two part-time support staff. The salon offers an extensive list of unique services to their ethnically diverse clientele including braiding, straightening, extensions, color, wigs, relaxing and smoothing. They take pride in working on all types of hair and have built a reputation for quality. In addition to hair, the salon offers other beauty services including manicures and pedicures, make-up, and waxing and has a boutique selling hard to find beauty and hair products.

Posted Feb 22, 2016

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