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Listed by:

Transworld Business Advisors Raleigh West

Priced To Sell Absentee Owned Turn Key Salon Indurham County In Durham County For Sale

Durham County, North Carolina, US
Asking Price:
$54,512 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$179,993
Cash Flow:
Available on request

With an outstanding location and a popular high-traffic anchor store nearby, this convenient and reputable hair salon has grown into a thriving destination. For the past 5 years, this 100% staff-in-place salon has benefitted from a solid reputation for remarkable customer service and personalized grooming services for women, men, and children. They offer an array of hair styling services, including shampoo, haircuts, highlights, color retouching, and overall color services, in a fresh, upbeat atmosphere. This salon has a reputation for listening to their clients and partnering with them to create either a new, fresh look or deliver consistent quality all day, every day.

Since the pandemic in 2020, revenues have increased by more than 50% in 2021 and by over 30% in 2022. A significant transformation has taken place. As of the second quarter of 2023, the business is consistently generating positive cash flow. The business is performing at a new plateau of efficiency. Additional growth depends on the entrepreneur's willingness to expand operating hours and create emotional connections in this community. Building on the foundation of 4.6+ star Google reviews coupled with fresh social media marketing is the winning growth formula. This opportunity will not last long in the marketplace.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $3,503.00

Square Units (Foot, Meter): 1,200

Lease Expiration Date: October 30, 2023, 9:00:00 PM

Terms Options: yes, 5 years

Premises Details:

Facilities: open front shopping center

Business Operation

Expansion Potential:

Since the pandemic in 2020, revenues have increased by more than 50% in 2021 and by over 30% in 2022. Additional growth waits upon the entrepreneur willing to expand operating hours and create emotional connections in this community. Building on the foundation of +4.6 star google reviews coupled with fresh social media marketing is the winning growth formula.

Reasons for selling:

Personal

Trading hours:

Mon - Fri 10 am - 5 pm, Sat 9 am - 5 pm, Sun 11 am - 5 pm

Employees:
6
Years established:
2018

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 1

Furniture / Fixtures value:
$34,312 - included in the asking price
Inventory / Stock value:
$5,092 - included in the asking price