Hair & Beauty Salon, Great Location In Berks County, PA

Price: $199,000

Location: Berks County, PA

Industry: Beauty and Personal Care

Listing ID: 04172023

This is a well-known hair and beauty salon for almost 20 years with an excellent reputation and social media following. Located in a convenient shopping center with good neighboring tenants, and plenty of parking. Consistently profitable business with strong sales and steady earnings year to year.
The location is in excellent condition, well stocked, and designed to be aesthetically pleasing and comfortable for guests. The business is owner managed, fully turnkey and ready for a new owner to step in. There are existing employees to stay on including stylists, assistants, and front desk employees.
Services include hair cutting, coloring, and styling, nails, skin treatments and more. The owner and staff are committed to providing a high level of satisfaction to clients and it is evident in their high ratings online. There is some room to add additional services such as massage or waxing.
Business highlights:
• Fully staffed business making it easier to run for a working owner.
• Attractive, convenient turnkey location
• Consistently highly rated reviews
• Strong repeat and referral business.

Financials:
• Asking Price $199,000
• Annual Cash Flow $85,000
• Gross Revenue $415,000
• FF&E $10,000
• Inventory $25,000 (not included)

Business Details:

• Days & Hours: Tuesday to Saturday
• Employees: 8
• Monthly Rent: $3,186 / mo.

Transaction Rationale:

The owner has plans to relocate and is looking ahead to retirement. Business has provided steady income for many years and is ready for a new owner to take over and continue the success. The seller will stay on for a period to assist with a transition after the sale.

Listing Details

Operation

Location