This high-end hair salon is located in an affluent neighborhood with a strip mall area known for great foot traffic and ample parking, enhancing its visibility and accessibility. For over two decades, the salon has maintained a loyal customer base, primarily growing through word-of-mouth—a testament to the quality and reputation of the service provided. In addition, the hair salon has been able to garner close to 500 5-star reviews on Yelp, which showcases their customers' satisfaction with the business. The current owner has successfully operated by acting as a landlord, subleasing and using commission-based structures for the salon's 18 chairs/stations. This unique business model minimizes operational complexities while ensuring a steady income. Currently, the salon has an occupancy rate of ~60% and with further marketing and recruitment has the potential to increase its revenue significantly.
Starting a similar high-end salon would require a six-figure investment to replicate. From equipment to a welcoming interior design, every detail has been curated to offer a premium client experience. This setup not only attracts a high-end clientele but also positions the business for potential expansion and increased profitability under new ownership.
The current owner is looking to sell due to personal and family commitments. This provides a perfect opportunity for an ambitious buyer to take over a well-established hair salon with a solid foundation and untapped growth potential. The current triple net (NNN) lease expires in 2025 and has an option for a 5-year renewal. With its reputable history and established operational structure, this salon is primed for continued success and growth in the hands of an enthusiastic new owner.
