Facilities: 2,000 sq. ft. nicely built out salon. 8 hair chairs, 3 color chairs, nice reception area, sample area, spray tanning and waxing rooms. Recently renovated and modern looking decor. In a large grocery anchored shopping center. A lot of walk-in foot traffic!
Competition: This business has been in place for over 11 years and dominates the market. The closest competition is about 5 miles away. This location services some huge residential developments within 3 miles. The stylists are commission based only. Fantastic income for the salon and all of the stylists market the business for you.
Growth & Expansion: Email Marketing would increase the business revenue. She has grown by word of mouth and limited marketing. A good direct mailer marketing campaign to the local neighborhoods would work wonders to increase gross sales.
Support & Training: Seller will stay on as long as buyer wants. She eventually wants to get into product sales but will stay on through the transition period and comfortable introductions to her clients. Will sign a 10 mile non-compete with purchase contract.
Reason for Selling: Wants to enter product sales.