Sold
Non-Surgical Hair Replacement grows amazing recurring revenue streams!
This amazingingly profitable recurring revenue business specializes in providing non-surgical hair replacement, hair rejuvenation, and hair care & maintenance for both male and female clients with thinning hair or genetic pattern baldness, or suffering from diseases such as Trichotillomania or Alopecia, or clients experiencing hair loss due to Chemotherapy. The business offers the utmost discretion to clients, improving their quality of life and self-esteem and giving them the confidence to look and feel their best.
This under-the-radar industry offers recurring revenue, product/service diversification, and high profits. This is the perfect opportunity for a Buyer who is passionate about helping people feel good about themselves.
The business has been owned and managed by the same owners for over 21 years, since 2002. They have built an attractive and profitable business model that has consistently generated stable revenue streams year after year. There is ample opportunity for growth; the current owners have purposefully kept their business at what has been an optimal level for them, providing an excellent revenue source while affording them a comfortable lifestyle.
A new owner could easily grow the business by increasing advertising and adding additional stylists. The location is in a professional office complex, and there are additional rooms in the suite as well as expansion opportunities if a new owner wanted to add other services, including surgical or therapeutic.
This is a lifestyle business for the owners who only work 6-8 hours per week. The business is run by a general manager who runs the day-to-day operations and is responsible for new sales consultations.
Listed By: Steve Barnett
Background information
Reference:
VBB120
Year established:
2002
Reason selling:
After 21 years, the owners are selling the business to pursue other interests.
Finance
Sales:
$1,360,000
Profits:
$351,458
Profit type:
Discretionary Earnings
Operations
Employees:
6
Equipment:
Included in asking price $50,000
Inventory:
Not included in asking price
Premises
Facility:
The business has been in its current location since 2002. The Business is in an office building with a modified gross lease. The current owner negotiated an escape clause allowing the tenant to vacate the premises with a 3 month payment and no additional penalties if they decided to move the salon. There currently are 3 available rooms that are not being utilized. It would also be an excellent opportunity for a doctor to buy the business and incorporate surgical hair replacement into the practice. Included is $50K of FF&E.
Rent and lease terms:
$5,905
Location:
Los Angeles County, CA
Opportunities
Growth:
The owners have purposefully maintained revenues in this range to maintain a reasonable work/life balance. They feel that growth could easily be attained by increasing advertising and expanding products and services.
Price and terms
Price:
$875,000
Financing:
The owner is willing to discuss carrying a small note if needed to assist with bank f
Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all the key customer and vendor relationships and train the Buyer in the management responsibilities of the business.The owners are willing to train a new owner for up to 6 weeks at up to 20 hour.