Hip & Exciting Hair Salon
www.GlobalBX.com
Listing ID:
700284113
Listing Title:
Hip & Exciting Hair Salon
Quick Link:
http://www.globalbx.com/listing.asp?bId=284113
Industry:
Hair and Beauty
Industry Segment:
Beauty Salons and Barber Shops
Country:
United States
State / Province:
Oklahoma
Area
City:
Asking Price Range:
< $250K
Gross Revenues:
$246,576
Cash Flow:
$47,595
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2017
Number of Employees:
4 - 5
Business Description:
A hip, up-to-date hair salon in a great location.
This fantastic hair salon has been around for several years, but was rebranded in 2014.
Competitive Overview
The excitement of this business shows through in its every day operations, as well as the business model.
The up-to-date facility, along with the trendy feel allows for an enjoyable and laid-back approach to everything beauty related. The professional team of experts provide unmatched personal service, with the highest quality outcomes around. Regular events occur, designed to bring diversity to their customer base.
The business model is also somewhat unique in today's world of hair salons. All personnel are paid through payroll and all collections are maintained by the owner. Stylists are commission based and are paid a percentage of their production. This creates a great business model for the ownership, covering most overhead for the salon and leaving additional profitability to come from the owner's individual production.
Potential Growth
All marketing elements have been properly coordinated and updated. Web presence and social media outlets are current and contain very positive reviews. There is room to add two additional stylists, as well as two new pedicure thrones. There is an existing nail technician on site as well.
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