Luxury hair salon in the heart of West Hollywood is for sale!
This salon is located in a high traffic complex shared with a busy specialty market and coffee house.
Seller invested upward of $455,000 to completely build out the interior and create a warm, modern and masculine space in which customers feel comfortable and pampered, while providing the best equipment to its stylists.
This is a substantial value to a Buyer -who will not have to invest a dime in improvements for years to come.
The doubling of gross revenues since the enhancements is a validation of the investment and its follow up plan to stand out by its commitment to exceptional customer service is paying off handsomely.
There are currently 65 5-star average reviews on Google and 10 reviews on Yelp with an average 5 stars.
Industry indicators project high revenue growth for at least the next 3 years, if not longer and will enable Buyer to increase the 15% net margin. Low purchase price reflects $104,000 in liabilities (all prepaid packages) that Buyer will assume.
The former franchised salon was re-branded in November, 2017 and is now independent; not bound to pay franchise or royalty fees.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Beautiful build out, once we secure the NDA we’ll send
the full package with pics!
Competition: There are very few upscale hair salons like this one,
even fewer in an accessible location like this one with validated
parking.
Growth & Expansion: Buyer with branding experience could grow
customer base with targeted social media, neighborhood advertising and
support of community events.
Support & Training: 2 weeks at 10 hours per week.
Reason for Selling: Owner is relocating to the East Coast.