Very Profitable, Employee Driven, Hair Salon Located In Middle Tn

Middle TN

Asking Price: $625,000

Cash Flow: $276,000

Gross Revenue: $1,427,000

Business Description

This eclectic, highly profitable hair salon is unique in that the profits are driven by long-term commissioned employees versus independent contractors, allowing for educational opportunities, and a more recognizable brand in a thriving metro area. The salon has been in existence for a decade, becoming a neighborhood staple with a loyal client base. Business has been very consistent, growing by 40% in the last 2 years alone despite covid-19, and it is projected to have a record 2021.

Detailed Information

Location:
Nashville, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
10/1/2023
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
12 stations with styling chairs, mirrors, and shampoo bowls
Competition:
A perfect blend of flexibility in a more boutique style salon with excellent staff retention. Benefits of a more corporate environment such as a sliding pay scale and health insurance are definitely distinctive qualities.
Growth & Expansion:
A 2nd location would certainly be beneficial as they currently have long waiting lists for new clientele.
Support & Training:
Seller will remain 30 days for training and transition
Reason for Selling:
Relocating

This listing was added 08/11/2021

The Listing Broker

615-775-4974