High-End Hair Salon
High-End Hair Salon
Price: $180,000
Location: Vaughan
Listing ID: 20241008
Listing Status: Reduced Price
The owner of this beautiful salon would like to transition this established brand, intellectual property, and inventory to a new owner that can expand channels, leverage the proprietary products, and breath fresh air into the operations of the business. Such an opportunity rarely becomes available, and this business is priced to sell.
Owner will consider either an outright purchase of this branch to a new owner who can reidentify the premises as her/his own, or a purchase which will include continuation of the salon name.
This well-established, high-end hair salon in the GTA offers excellent brand recognition and loyal customers. The salon’s employees are exceptionally well trained, and both brand and employees continuously receive top reviews and have achieved an outstanding reputation.
The Business Brand has a long history and standing for high quality performance, and the owner is willing to help transition the business to a new owner.
Total Sales: $750,000
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Restructuring.
Training & Support:
Owner will help to transition new owner.
Year Established: 2004
Owner Hours Per Week: MON-SAT 10 a.m. - 9 p.m. SUN - 11 a.m. - 7 p.m.
Employees: 12
Type of Location: Very busy and popular mall location.
Historical Summary:
In 1976 this owner opened his first salon in Toronto. He saw an opportunity to offer clients a better salon experience and his greater understanding of fashion, beauty and business gave him an edge over the existing competition. Not only did he use a unique approach to cutting hair, called texturizing, but his clients were impressed with the high level of service that they met from the moment they walked into the salon.
It was hugely successful.
Potential Growth:
Design appealling ads and post them on various social platforms. Actively participate in conversations, responding to comments and messages to build a strong online presence. Encourage happy and satisfied customers to leave reviews and make referrals and develop a robust social media strategy that includes offering online bookings, posting tips and tutorials and maintaining consistent communication with clients. Focus on attracting clients from within Vaughan Mills Stores by being available to greet them and providing excellent service.
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