This business is the perfect buy for anyone who has ever wanted to own a salon. A signed NDA is required to learn more. This is a confidential sale.
Located in a prominent and wealthy suburb of Columbus this salon has had double digit growth since it's opening. The salon has a wonderful clientele base and a well educated team. This would be great for either an investment or for someone interested in working in the business every day. It has operated without the owner present FT for the last 2 years. However, an owner could work in the business managing day to day operations if they desired. A great buy for a hairstylist who has wanted to own their own salon.
The salon carries a well known and prestigious beauty brand and has 5 star reviews on all platforms. The business growth can be contributed to the significant investment that has been made in the digital presence of the business. A well established website ranking 1st on googles homepage, 5 star reviews on all platforms, and very active social media make this business current and well poised for continued double digit growth.
An owner could choose to focus on the continued heavy growth or they could dial back those investments and retain higher profits immediately. The owner has chosen to invest heavily in the development of the business over the last 3+years resulting in a lower profit in the business. A p&l clearly shows where adjustments could be made to those investments to immediately impact the cashflow of the business. This is based on personal management choices. Last years profits were at 3.9% but if the heavy growth investment was dialed back profits would have been at 9.5%. 2016 project is 10% profit.
The business is less than 5 years old and offers plenty of continued opportunity for growth.
Asking $400,000 for the business, including all inventory, clientele data, digital rights, assets, and business coaching for the transition.