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Established Professional Hair Studio


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Category :  Beauty/Personal Care SIC :  7231  
Detail :  Hair Salon Price :  175,000  
County :  Montgomery Down :  175,000  
State/Prov :  Pennsylvania Disc Earn :  112,463  
Country :  USA Sales :  597,761  

Established in 2009, this well known beauty hair salon has developed a strong reputable brand that attracts an extremely loyal base of recurring clients, testament to the exceptional services provided. The salon was crafted to exude a contemporary sense of luxury within an intimate setting. The business is supported by a team of highly skilled professionals boasting an impressive 40+ years of combined experience in the art of hair coloring, cutting & treatments. Coupled with the top-of-the-line products they have set themselves apart as industry experts as the go-to hair salon within Montgomery County. Each employee specializes in their own unique niche hair type catering to a large variety of demographics. Based on the salons positioning as a luxury brand, coupled with a long-standing well-known reputation, the salon is able to command a premium price that is supported by the local reoccurring client base & marketplace demographics.This business operates out of a 1700 square foot commercial facility with high visibility to 17,000 vehicles per day. The local affluent population of 87,000 is located within 3 miles, with an average household income of $133,000. Annual 2022 revenues of $597,761 with Seller Discretionary Earnings of $112,464.


Showing Remarks :  CONTACT BROKER FOR ADDITIONAL INFORMATION

Reason for Sale :  Retirement
General Location :  Pennsylvania
Organization Type :  Corp 'Sub S'     Hours Owner Works: 0
  : Years Established: 14  Years Owned:  14  Emp FT:  7  Emp PT:  0  Mgrs:  1
Non Compete :  Miles:  100  Years:  3  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday-Thursday (12:00pm-8:00pm), Friday (9:00am-4:00pm)
Skills/Licenses :  Pennsylvania Salon License
Business :  Is Relocatable: Y    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement P/L Statement  
Year (Cash Flow) 2022 (N) 2021 (N) 2020 (N)  
Gross Revenue 597,761 535,644 382,542  
Cost of Goods 370,488 371,327 244,194  
Gross Profit 227,273 164,317 138,348  
Expenses 182,237 140,741 111,071  
Net 45,036 23,576 27,277  
Owner Salary 50,592 34,559 23,070  
Benefits 7,803 7,607 20,223  
Interest Expense 323 305 626  
Depreciation 4,573 4,403 3,620  
Other 4,136 2,759 2,147  
Discretionary Earnings 112,463 73,209 76,963  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 13,000 Y* ___________ 0 N*
F F & E 52,385 Y* Total Assets 65,385 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 2900 Square Footage: 1700 Building Type: Commercial
Terms & Options: Negotiable Expiration Date: 12/31/2023

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Other - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  

EDWARD BELL Office : (941) 667-1616  
ASSOCIATE Fax :    
  Home :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell : (941) 667-1616  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com

 



Listed By: Edward Bell

Background information

Reference:

53596

Finance

Sales:

$597,761

Profits:

$112,464

Profit type:

Discretionary Earnings

Price and terms

Price:

$175,000