Profitable, Established Salon w/ Option Of Building Purchase

Clark Fork, ID
Asking Price:$162,000
Gross Revenue:$265,500
FF&E:$7,500
Established Year:1998
Cash Flow:$91,000
Inventory:$10,800
Real Estate:$350,000
BUSINESS DESCRIPTION

Full Service Salon/Day Spa with Great Reputation

This thriving, consistently growing salon with 4 wet stations, 2 pedi spas, 2 mani tables, and an esthetics room is the only salon for miles. Established by current owner in 1998 as a one chair hair salon, it has grown into a full service day spa and is currently more than fully staffed with dedicated technicians happily sharing spaces and planning to stay on after sale. It has an excellent reputation in a community known for supporting local businesses. Salon has high visibility from the main highway through the area. It’s known for taking care of everyone from the little ones’ first haircuts to great grandparents. Has handicap parking and wheelchair ramp for those with that need.

Current owner is a working stylist who has been in this location for 26 years and in the industry for 50 years. Feeling the energy waining and knowing it’s time to let someone else step in and create their own legacy. This would be a great opportunity for a stylist relocating from out of the area to step into an established client base. It would be an exceptional situation for a more local stylist with some established clientele. The cash flow would be roughly $30,000 lower if one was to run the business as a manager/receptionist but not have the stylist income.

Many clients drive up to an hour or more to visit our salon and all say “it’s worth the drive”. This stand alone building is a jewel in the gem state of Idaho.


DETAILED INFORMATION
Location
Clark Fork, ID
Inventory
Included in asking price
Real Estate
Owned
Building SF
1,100
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Building is 1100 sq feet with reception area with large desk with retail shelves, 4 wet stations w/ deluxe all purpose chairs, esthetics room w/ built in shelving/storage, mani/pedi room w/ 2 pedi spas & 2 mani tables, restroom, employee lounge, laundry room w/stackable washer/dryer. The building had exterior renovation in 2020 & interior 2019 & well maintained. The equipment is included in the price & has been generously depreciated by 70%+ of value. Plenty of off street parking for employees and clients. The business pays owner $1200 month for rent.
Competition
This is the only salon for 25 miles in one direction and 57 miles in the other, and situated on the main highway through the area. Our goal is client experience and customer service, because even though we’re in a unique situation, we still want to maintain our current excellence reputation.
Growth & Expansion
This community is rapidly growing since 2020 with the salon averaging 80 new clients per month. Current owner is doing very little social media marketing which could definitely be improved on. It’s possible that online booking could be added, as well as online retail marketing.
Financing
Owner prefers not to finance but is open to dialogue
Support & Training
Current owner not moving away and is flexible on support, training, and transitioning. Current owner is willing to stay on as part time staff and mentor to assist in successful transition if agreeable, for a time frame buyer and seller can negotiate.
Reason for Selling
Retirement

BUSINESS LOCATION
Report an Issue with this listing
Laura Emmer
Laura Emmer