Hair Salon in a Prime Location – SBA Pre-Approved!

Mt Lebanon, PA
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Asking Price:$285,000
Gross Revenue:$607,065
Rent:$1,850
Established Year:2017
Cash Flow:$137,792
Inventory:$3,000
FF&E:$27,000
BUSINESS DESCRIPTION

Beautiful hair salon in a population location in Pittsburgh

Attractive opportunity to acquire a well-established hair salon located in a prime location of Pittsburgh. This business possesses several appealing attributes that make it a compelling prospect for acquisition.

Financial Snapshot:
-Estimated Revenue (2023): $600,000+
-Projected Total Income (2023): Over $160,000

Key Features:
-Prime Location: Situated in a high-traffic area of Pittsburgh, this salon benefits from a central position that ensures a steady influx of clients. Nearby businesses, restaurants, and residential areas contribute to a consistent flow of foot traffic.
-Well-Appointed Interior: The salon’s interior exudes sophistication and offers a serene environment for clients and staff. High-quality fixtures, upscale furnishings, and state-of-the-art equipment create a sense of opulence.
-Diverse Service Portfolio: This establishment offers an extensive range of services encompassing haircare, skincare, massages, nail care, and more. It has cultivated a reputation for excellence in various aspects of beauty and wellness.
-Strong Client Base: Over the years, the salon has built a loyal and diverse clientele, driven by its unwavering commitment to delivering top-tier services. A significant portion of its revenue is derived from repeat business and word-of-mouth referrals.
-Experienced Team: The salon is staffed with highly skilled and licensed professionals who are passionate about their craft. Their expertise contributes to the business's continued success.
-Seller Transition: The current owner is prepared to provide training and support during the transition period, ensuring a smooth change of ownership.
-SBA Pre-Approved: This opportunity is SBA pre-approved, simplifying the financing process. The estimated need for a down payment is only 10%, making this acquisition accessible to a wide range of investors.

This salon opportunity is well-positioned to appeal to a buyer seeking a strategic acquisition in the beauty and wellness sector. With proven financial performance and a prime location, it offers a solid foundation for growth and profitability. Interested parties are encouraged to explore this opportunity further and contact us for a confidential discussion regarding the acquisition process.

For additional information, please contact listing agents Cory Hoffman at 301-529-9025 coryhoffman@fcbb.com


DETAILED INFORMATION
Location
Mt Lebanon, PA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,100
Lease Expiration
03/08/2023
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a leased location of 1,100 square feet with a Total monthly rent of $1,850. Lease ends 8/2022 with One 5-years options. Seller is active with 6 FT and 6 PT employees. Hours of operation are 9am – 8pm Tuesday to Saturday. $3,000 in inventory and $27,000 in FF&E included in the asking Price.
Support & Training
1 month
Reason for Selling
Other ventures
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Cory
Hoffman
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Cory Hoffman