PRIVACY FIRST – CLIENT FOCUSED – DEALS DONE RIGHT

Beautifully finished, turn-key salon in the Lower Mainland offering a variety of services. Catering to all, this salon stayed profitable through the COVID-19 despite forced government closures. With assets of over $90,000 plus more than $100,000 in leasehold improvement, this salon is a very desirable opportunity in a fast growing community.
Asking Price
178,000
Annual Sales / Revenue
440,000
EBITDA
33,323

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Beautiful Salon in Fast Growing Area of Lower Mainland
Type of Sale
:
Share
Years in Business
:
9
Cashflow
:
47,674
EBITDA
:
33,323
Down Payment Range
:
30,000 - 40,000
Estimated ROI (Years)
:
3.7 - 3.8
Business Sector
:
Beauty & Personal Care, Hair Salons/Beauty
No. of Employees (PT)
:
4
No. of Employees (FT)
:
4
Square Footage
:
1,200
FF&E Value
:
90,000
Inventory Value
:
80,000

Business Key Points

- Surrounding neighborhood is quickly growing with a large amount of ongoing residential development.
- Fully staffed with long-term, experienced and professional personnel.
- Booking software in use and a database of over 6,000 clients.
- Annual revenue approaching $500,000.
- Owner does not work in the business.

Property Documents

    Available on Request

Location

    Available after signed NDA

Property Description

Beautifully finished, turn-key salon in the Lower Mainland offering a variety of services. Catering to all, this salon stayed profitable through the COVID-19 despite forced government closures. With assets of over $90,000 plus more than $100,000 in leasehold improvement, this salon is a very desirable opportunity in a fast growing community.

Facilities Overview

An open hair service with reception & retail area & 6 hair stations, 3 sink hair wash station, colour counter with 2 sinks & counter/cupboards, makeup/brows area, private esthetics room with sink & storage, wheelchair accessible bathroom (one of the biggest expenses added), staff room with fridge/microwave/coffee maker & cupboards/counter with sink & laundry, storage closet, & designated staff parking for 3 cars.

Business Growth/Expansion

Increase focus on retail sales with more promotions/ staff incentives/ online advertising.
Increase online marketing for services.
Add at least one more full-time and part-time hairstylists.
Grow/market esthetics services, add more esthetic services.
Hair extension services (& have someone well- trained with them).
Re-build the pre-COVID mobile wedding business.
Add a loyalty points program & use in marketing.
Add a referral program & use in marketing.
Increase profitability by using receptionists less with owner on-site.
Cross-promote with other Brookswood businesses.
Team up with local Realtor to advertise to new residential neighborhoods/complexes.
Create incentives to encourage staff to help grow their own clientele i.e. volunteer services at events or meet social media influencers etc. to advertise themselves.

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