Huge Price Drop on Luxury Salon in Fast-Growing Area

Reno, Nevada

Ad ID: 1453427
Type: Established business
Category: Services – Beauty & Barber Shops

Asking: $155,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $20,000
NOT Included in the Asking Price:
Inventory: $20,000

Gross: $411,417
Cash Flow: $172,808

Summary Description
This is one of the only exclusive luxury salons in Northern Nevada, and they’ve been going strong for 10+ years. They’ve captured the market with a luxury hair care line that is in demand worldwide. Located in an upscale area, the salon enjoys long-term business and referral relationships with many of the doctors’ offices and business offices in the vicinity. The Owner and staff are passionate about offering their clients cutting edge service in cuts, color, and highlights. Stylists receive outstanding support from the business and receive in-house training and a pricing structure that elevates their performance and trains new stylists coming out of cosmetology school. Clients love the exclusive hair care line and remain loyal to the salon through repeat visits between services. The salon enjoys a solid customer base, as well as many walk/call-in clientele, who oftentimes become regulars. A motivated Buyer will expand the business quickly by actively marketing it and creating a website to increase visibility and take advantage of on-line booking. Seller has owned and operated the salon since its inception and has made lifelong business relationships and friendships. This business has built many careers and the Seller hopes to find a Buyer who will carry on the tradition of providing excellent service in addition to supporting his/her stylists as they reach their highest potentials.

General Information
Year Established: 2007
Employees: 6
Facilities: This 1650 sq. ft. leased facility is turnkey. Over $20,000 of Equipment is included in the sale. The salon is located in a busy office area, is easy to access, and offers ample parking.

Market Outlook
Competition: An established salon with a 10+ year reputation for friendly, professional services. They enjoy a very loyal client base. An on-site education program keeps stylists up with the latest trends. They carry an exclusive, high-quality line of hair care products that aren’t offered in other salons.

Growth and Expansion: The population growth in the area surrounding the salon offers excellent opportunities to expand the business’s customer base. Centrally located, this salon is easily accessible to all clientele from Truckee, Sparks, Reno, and Lake Tahoe. Creating a website for the business would allow for on-line booking and higher visibility. An Owner who can devote more time to marketing the business will see an immediate growth in profits. Currently the salon is running at 60% capacity.

About the Sale
Financing: $100,000 down; all cash or terms acceptable to seller
Support/Training: 30-60 days, plus 30 days via phone.
Reason Selling: Health reasons

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