Listing Details:

• Business Category:     Beauty/Personal Care
• Price:                             $126,000
• Gross Revenue:           $181,699
• SDE:                              $48,939
  
• Seller Financing:          $12,600
• Reason for Selling:      Retirement
• Location:                       West Metro MSP
  
• Employees:                   5
• Support & training:       4 weeks
  
• Non Compete:               100 Miles for 2 Years   
• Years Owned:                52

Business Description

This well-established, full-service beauty salon has been a fixture in its Twin Cities community for over 50 years. The salon offers a comprehensive menu of services, including haircuts, color and highlighting, perms, nail care, and eyebrow services, all under one roof. The business operates out of a 1,750 square foot space with capacity for up to 12 styling stations and a dedicated color room, giving the team plenty of room to serve clients efficiently. Revenue comes from both employee-based services and independent booth renters, which adds a nice layer of stability to the income mix.

Business History

Founded in 1974, this salon has spent five decades building a reputation on great service, a welcoming atmosphere, and genuine relationships with its clients. The community has taken notice, too. The salon has earned Reader's Choice Awards year after year through community voting and was recognized as one of the Top 5 salons in the Minneapolis metro based on Google reviews. Some staff members have been with the business for over 40 years, which speaks to the kind of culture and consistency that keeps clients coming back generation after generation.

Competitive Analysis

This salon competes in a different lane than the national franchise chains, and it wins on the things that matter most to its clients. While brands like Great Clips and Fantastic Sams compete on price and speed, this business competes on relationships, reputation, and quality of service. A 50-year track record, a stack of community awards, and a team of experienced stylists create the kind of loyalty that no coupon-driven competitor can replicate. The salon's strong Google review profile and word-of-mouth referral culture have proven far more effective at attracting new clients than any paid campaign.

Growth Potential

There is real room to grow this business, and most of it is just waiting to be picked up. The salon has built its entire client base through word-of-mouth with very little active marketing, meaning a focused digital and social media strategy could bring in meaningful new business without much heavy lifting. The existing referral card program is already working and could easily be expanded into a broader loyalty initiative. There may also be opportunity to add additional booth renters within the current footprint, bringing in more rental income at virtually no added cost. And with the lease currently month-to-month, a new owner has full flexibility to negotiate long-term terms or explore a new location if the right opportunity presents itself.

Facilities

Number of Employees

• Managers: 1
• Full Time: 5
• Part Time: 0
• Total: 6

Owner Weekly Hours

24