Beauty Supply Store with extremely large Money Transfer services

Montgomery County, MD
Beauty Supply
Asking Price:$239,000
Established Year:2006
BUSINESS DESCRIPTION

Beauty Supply, Hair salon, Huge Money Transfer with large commission

Located on a busy street near a shopping center in Silver Spring, this well-established retail store has been serving the community for over 18 years. Specializing in hair care, skincare, cosmetic products, eyelash extensions, pedicures, wigs, weaves, and lashes, it offers a wide range of beauty products and salon supplies, with a loyal and diverse customer base. The business also includes a highly profitable money transfer service covering much of the world.

With a strong reputation for excellent service, this is a fantastic opportunity for anyone looking to enter or expand in the beauty industry. There’s great potential to grow the business by adding services like check cashing, expanding inventory, and introducing nail, eyelash, and pedicure services. The store features a hair salon for both men and women and is located in a high-traffic area.

This is a turnkey operation with all systems and processes in place, ready for a new owner to take over and thrive. A smooth transition will be ensured for the new owner.


DETAILED INFORMATION
Location
Montgomery County, MD
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
01/08/2035
Competition
Located in a high-traffic area of Silver Spring near a popular shopping center, this business benefits from a diverse and affluent customer base. While there are other beauty supply stores in the area, this store’s 18-year reputation for excellent service, its wide product range, and its money transfer service give it a competitive edge. With opportunities to expand services and inventory, it’s well-positioned for continued growth in a thriving market with minimal direct competition.
Growth & Expansion
This business has significant potential for growth and expansion, including: 1. Service Diversification: Adding services like nail care, eyelash extensions and more. Also, adding cash checking will make a big difference 2. Increased Inventory 3. Marketing Strategies: Implementing targeted marketing campaigns to boost brand visibility 4. Partnerships: expand Wholesale Operations: Increase sales to local salons and spas by offering bulk purchasing options 5. Developing an e-commerce platform to expand reach beyond the local market
Support & Training
2 weeks of training provided.
Reason for Selling
Relocating
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Negas Lemlem
Negas Lemlem