Hair Replacement and Full-Service Hair Salon with Building

Seller Discretionary cash Flow: $259,710

Highly successful full-service hair salon with a very profitable niche; non-surgical hair replacement and treatment options! The salon opened its doors in 1974 and steadily grew into the reputable business that exists today. A specialization in hair replacement options for men and women and thinning hair treatments including Laser Hair Therapy draws clients from all over New England. The owners are ready to retire but want to ensure that their hundreds of hair replacement customers will continue to have the high-quality service they have come to rely on. A fully trained staff is in place to keep working with clients and continue to grow the business. The owner is also willing to stay on for a limited time to ensure a successful transition. This business has consistent seller earnings year after year, making it a good purchase for anyone looking to own an established, profitable business. Being a licensed hair stylist is not required. Owner financing is an option. Business is listed for $450,000. The building houses the salon as well as three residential apartments and includes a large parking lot in a highly sought-after area of New Bedford, MA. Real estate is listed for $650,000. For more information, please Contact US or Call Jeff Hofflander 402-578-5800.

Revenue:    $550,075

FF&E:   $26,834

Inventory:   $3,000

Established:    1974

Location:  New Bedford, MA

BULDING IS LISTED FOR SALE AND INCLUDED IN ASKING PRICE:

The building houses the salon as well as three apartments and includes a large parking lot in a highly sought-after area of New Bedford. Real estate is valued at $650,000. 

Reason for selling:    Retirement

Support from Seller: Seller is flexible for transition time for buyer and is open to options; also, seller is willing to stay on for an extended period of time to work with clients and train buyer.

Opportunities:   add social media marketing and improve current website. There is space to increase the number of stylists and add tanning and/or nail salon services.

Owner involvement:   Husband and wife owners oversee general business operations including product ordering and payroll/billing. Husband is licensed hair stylist/barber who works with clients and oversees employee training. 

Your Next Step

1. Contact Jeff to get more information, schedule a meeting or conference call with the seller, to request financials, or for any other questions.

** DO NOT CONTACT SELLER OR VISIT WITHOUT PERMISSION FROM US**

2. Submit a contingent Offer-To-Purchase

3. 30-60 days to complete due diligence

4. Close on the business when all your contingencies have been satisfie