Available for acquisition is an absolutely stunning, upscale hair and makeup salon in N. Fulton County. This booming Alpharetta location is considered to be one of the wealthiest in the country, and the salon is highly visible on a busy main road. The current owner invested in a striking build-out that was planned to maximize profit in every corner, including a custom color bar and color processors that work in 1/3 of the time. There is ample parking and other businesses in the shopping center are very nice complements to the salon.
There are six modern stations with styling chairs. Three state of the art, ultra-comfortable shampoo bowls that take the pressure off clients’ necks when they are being shampooed. The beautiful reception area is open and extremely welcoming, with perfectly placed retail to maximize profit.
Currently, the salon employs 5 hairstylists who are paid on commission ranging from 42%-46%. There is one massage therapist who rents the treatment room three days per week for $400 per month. The opportunity exists to rent the treatment room on other days to a lash artist or other beauty provider, as well as add three to five stylists and chair share. One of the stylists assists with product ordering, scheduling, and payroll for an additional $10/hour.
Services provided include color, cut, balayage, highlights, hair extensions, updos and event styling, wedding and event hair and makeup, express facials, and facial waxing. The salon offers their clients three brands of professional products from which to choose. Price for services ranges from $34-$64 for women’s haircuts, $24-$55 for men’s haircuts, and color starting at $54. On average, the salon makes 55% from each service. All products are marked up 100% mark up, with stylists receiving stylist 10-20% commission. Salon RTS (retail to service) is a very strong 17.50% for the year, compared to the national average of 8%.
Current owner is dedicated to the future success of the salon and is willing to assist to ensure a smooth transition. She owns two other salons, and as this is the farthest away from her, has made the difficult decision to sell this location. Given that she owns two other salons with the same name, the name is not included in the price of the business. Asking price includes all equipment, inventory, supplies, décor, and extensive client list. Stylists have developed a strong client base, and will want to ensure continuity so as to maintain their income.
Year Business was Established: 2015
Number of Employees: 5 Stylists
Facilities / Terms of Lease: 1,300 sq ft $2,045/month, with option to renew
Owner financing: May finance for qualified buyers with strong offer
Owner training: Current Owner will train
Reason for selling: Owns and operates another salon
REDUCED Asking Price $150,000
Gross Revenue YE Dec 2019 $305,391
Cash Flow YE Dec 2019 $152,257