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BUSINESS FOR SALE - PROFILE #  41361061053

Profitable and Popular Hair Salon and Day Spa
Berks County, PA

Asking Price: $440,000   Down Payment: $440,000  
Gross Revenue: $914,972   Adj. Cash Flow*: $198,342  
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Executive Summary
This business is a Salon/Spa is a full-service hair salon and day spa. It was founded by the current owner in 1988. This Hair Salon and Day Spa has built a loyal customer base during its 25+ years in business by offering a robust menu of services including haircuts, hair coloring, balayage/ombre techniques, men's services, laser treatments, hair designs, makeup, and more. The staff of 14 is highly dedicated and highly trained to make customers look and feel their best. It is a top performing salon in the area, doing close to $1 million in sales in 2016. The business operates multiple chairs in a 2800+ square foot leased facility. The chairs, along with a facial machine, were newly purchased in February 2017, and the property has been recently renovated and modernized. There is plenty of convenient parking with easy and safe ingress and egress. The business has a large number of repeat, loyal customers and uses referrals and social media with a substantial follower base to generate new customers. Following a rewarding career as a business owner in the beauty industry, the owner desires to sell the business to have time to spend on other interests. She is willing to stay involved to assist with a smooth ownership transition and possibly longer as a producing technician.

Acquisition Highlights

  • This business maintains an active presence on social media including Facebook, Twitter, and Instagram. These sites keep current followers updated on any This business' news and events, as well as displaying the latest techniques being used at the salon. The business also has a well-designed, user-friendly website that allows customers to browse service options.This business' loyalty program allows clients to earn one point for every dollar spent. Once a client earns 500 points, he or she receives a $10 credit that can be used for any service in the salon/spa. New client referrals are worth 25 points, so the business also benefits from word of mouth, receiving a high number of referrals from current satisfied clients.
  • Tuesday thru Saturday total of 14 full and part-time
  • Key highlights are as follows: 1. Steady sales growth to $915,000 for 2016. 2. Consistent gross margin of approximately 90%. 3. Sales growth with modest advertising expense due to strong referrals from satisfied clients. 4. Considerable depreciation expense (non-cash expense) from systematic program of updating and upgrading equipment. 5. Above average wages due to high performing stylists and technicians with long tenure. 6. Reasonable rent and occupancy costs afforded by a cooperative landlord and fair lease. 7. All other expenses seem reasonable and customary for a business of this type and size.
  • Other services include: • Laser Services o Laser Hair Removal o Skin Rejuvenation o Pixel Skin Resurfacing o Photofacials • Hair Services o Hair designs o Color o Chemical Restructure for Wave or Curl o Straightening • Nail Services o Manicure o Pedicure o Acrylic Nails • Body Services o Waxing • Facials o Facials o Resurfacing o Makeup • Men’s Services o Hair o Nails o Skin Care
  • 2800+ square feet 9 New chairs as of February 2017
  • This Hair Salon and Day Spa has built a loyal customer base during its 25+ years in business by offering a robust menu of services including haircuts, hair coloring, balayage/ombre techniques, men’s services, laser treatments, hair designs, makeup, and more. The staff of 14 is highly dedicated and highly trained to make customers look and feel their best.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1988 Inventory: $31,000
Employees: 9 FT, 5 PT Furniture, Fixtures & Equipment: $50,000
Lease/Rent: $2,800 Real Estate:
Building Sq Ft: 2800+
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Ray Melcher
Phone:  (610) 898-8086
Fax:  (610) 898-8090
E-mail:  rmelcher@vrmarathon.com
VR Business Brokers - Wyomissing, PA
4 Park Plaza
Wyomissing, PA 19610
www.vrmarathon.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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