Profitable Hair Salon in Upper Middle Class Community

Profitable Hair Salon in Upper Middle Class CommunityHowell, MI 48843

Asking Price$140K

Business TypeBeauty & Personal Care

LocationAround Howell, MI 48843

IndustryBeauty & Personal Care

Number of Employees6 Staff

Established2002

Revenue--

Profit--

Price$140K

Initial FeeN/A

Capital RequiredN/A

FF&EN/A

Real EstateN/A

Years Started24 years

Owners1

Employees6

Business Description

Established Hair Salon in Prime Location – Turnkey & Profitable

This is a rare opportunity to acquire a well-established, profitable hair salon with a loyal customer base and a prime location in a high-traffic retail center. For over 20 years, this salon has been a staple in the community, providing high-quality hair services to a steady stream of repeat clients and walk-ins. The 1,500 sq. ft. space is conveniently located just off a major highway exit, surrounded by popular restaurants, retailers, and national chains, ensuring strong visibility and consistent foot traffic.

Key Highlights:

Turnkey Operation: Fully equipped with nine hairdresser stations, three washing stations, three drying chairs, a welcoming reception area, a lounge section for guests, a dedicated color room, and a break room with storage.

Experienced Team: Six seasoned part-time stylists already in place.

Strong Revenue & Pricing Model: Established premium pricing above standard franchise rates, catering to an upper-middle-class clientele. 2023 revenue was $354,605, with a guest count of 9,852 (16.5% repeat customers).

Growth Potential: Immediate revenue growth is possible by adding 4-5 additional stylists to increase customer volume.

Updated Facilities: The salon underwent renovations in 2019, including new floor mats, paint, coat racks, waiting lounge chairs, and a new washer and dryer. Over $6,000 in inventory is included.

Attractive Lease Terms: 1,500 sq. ft. leased space with three years remaining on the lease at $3,415 per month.

Franchise Support & Training: Comprehensive franchise training covers hairstyling techniques, business operations, and management. The current owner is also willing to stay on temporarily to ensure a seamless transition.

Ideal Buyer:

This opportunity is perfect for a salon owner looking to expand, an experienced stylist ready to step into ownership, or an entrepreneur seeking a well-established business in a growing market.

With a strong brand presence, a loyal customer base, and plenty of room for growth, this salon is positioned for continued success under new ownership.

Listing ID: OF00092789