Successful Hair and Nail Studio in NH's White Mountains Region

Grafton County, NH

Seller Financing Available

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Asking Price:$199,900
Gross Revenue:$336,427
Rent:$1,600
Established Year:1998
Cash Flow:$96,155
Inventory:$7,200
FF&E:$11,500
BUSINESS DESCRIPTION

Premier Hair and Nail Salon in New Hampshire

This business was founded in 1998 and purchased by the current owner in 2004, who has over 30 years of experience herself, with an additional 19 years of experience in her team. The shop started as a two-station team but has grown annually to become the current six shared-station team and continues to hire and educate additional team members. The team’s goal is to deliver excellent customer service and to make clients look and feel their best. They believe that educating clients is a very important part of their experience and will take the time with each and every client to ensure that they feel comfortable and know what needs to be done to maintain their look. The team also understands that continuing education is key as this industry is forever changing and evolving.
The shop specializes in women's, men's, and children’s haircuts as well as styles, color applications, corrective color, permanents, smoothing treatments, conditioning treatments, foils, specialty colors, hair extensions, hairpieces, wigs, manicures, pedicures, waxing, and more. The White Mountains Region is also an extremely popular wedding destination. The salon offers many wedding packages, including hair and makeup services, for any size wedding party. The team’s goal is to make the bride’s wedding day as special as it can be. This business is truly a full-service hair and nail studio.
The salon is located in the heart of the White Mountains National Forest, on one of the most popularly travelled roads in New Hampshire. Its location is both visible and accessible and is frequented by loyal locals and visitors alike. The area is also a popular destination year-round for its hiking, biking, swimming, winter activities, foliage, and other attractions, both man-made and natural, that the White Mountain National Forest has to offer.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,350
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The leased space is 1350 square feet and includes a front desk, waiting area, professional stations, bathroom, storage, and break area. Ample parking is available in the parking lot. The commercial condominium is owned by the current business owner under another entity, and a lease term will be negotiated with a new owner with rent starting at $1600 per month, plus utilities. All the furniture, fixtures, and equipment are in very good to excellent shape and updated frequently.
Competition
The salon is located in the heart of the White Mountains National Forest, on one of the most popularly travelled roads in New Hampshire. Its location is both visible and accessible and is frequented by loyal locals and visitors alike. The area is also a popular destination year-round for its hiking, biking, swimming, winter activities, foliage, and other attractions, both man-made and natural This business, due to the full scope of the services offered and its professional facility and staff has no real competitors aside from some one person shops.
Growth & Expansion
The seller believes that the following efforts will positively impact revenues and profitability: -offer lashes services and eyebrow laminating -bring on more team members -a broader online presence -offer more in-house hands-on education opportunities -create more inclusive package deals for clients -hire a front of house administration person -create online appointment booking options -hold more local salon public relations and client appreciation events
Financing
Seller may consider owner financing to qualified buyers, if necessary, with a substan
Support & Training
The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge. She is also willing to remain in the shop working for a new owner should the buyer be interested.
Reason for Selling
The owner has decided that she would like to try semi-retirement in anticipation
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Jay
Polimeno
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Jay Polimeno