This successful hair salon has been in operation for over 7 years in the heart of downtown La Prairie. Thanks to the atmosphere created by the owner and technicians, its excellent brand and online presence, as well as recent complete renovations, the business has managed to generate sustained growth since its establishment in 2016.

In a recession-proof, pandemic-resilient, and constantly growing market, the company is ready to continue its expansion. The surplus capacity to accommodate additional technicians positions the company to increase its service offerings, thereby increasing its revenue and profits.

Furthermore, with local organic products, it is at the forefront of ecological and local purchasing trends. Since the company only sells its products in person, diversifying its offerings can bring in additional income.

The company also stands out for its excellent cost control, generating an average net profit margin of 17% before adjustments, which is more than double the industry average. And with average annual discretionary earnings of over $55,000, the company is in a perfect position to finance its growth.

With an increase in service volume, diversification of its offerings, and ongoing cost and margin control, this hair salon is in an excellent position to support continued growth under new ownership.

Total Sales: $237,130

Cash Flow: $77,713

EBITDA: $46,354

FFE: $15,000

FFE Included: Yes

Inventory: $9,000

Inventory Included: Yes

Year Established: 2006

Employees: 2

Monthly Rent:

Facilities Information:

The space has four (4) complete workstations, each including a hydraulic professional chair, a tool and product station with a wall-mounted mirror, a mobile drawer unit, and a foam mat around each chair. There are also two (2) wash stations, each featuring a reclining chair with a footrest, a functional sink (plumbing fully renovated in 2021), a product table, and a towel shelf.

Terms and Conditions?:

All debts and short-term liabilities will be paid upon the sale. The cash on hand will be retained by the seller.

The seller is open to a transition period to be negotiated before the closing of the sale. The final terms will be determined between the seller and the buyer in subsequent negotiations.

Mondro Consultation offers 10 free one-hour sessions subject to an individual agreement between the buyer and Mondro Consultation.

CBR available upon signature of NDA – contact broker for more information.

Reason For Sale:

Owner moving outside country

Training & Support:

Owner will train buyer and willing to stay in a supportive role (timeline negotiable)

Competition:

The business distinguishes itself from competitors through its value proposition, brand identity, and the numerous positive reviews on social media associated with the company. In fact, customers not only return for the quality of services but also for the ambiance that the company has cultivated over the years.

Potential Growth:

The beauty service industry has experienced sustained growth of 1.9% between 2018 and 2023 (including the COVID pandemic). Both profit trends and the marketing potential of beauty service businesses are favorable. The business operates in a growing market with a strong brand, an excellent base of loyal customers, and untapped capacity, making it well-positioned for continued growth over the next several years. Additionally, the company could diversify its offerings by further leveraging its product resale segment.

Financing/Terms:

The seller is open to seller financing if the sale price is acceptable. The remaining financing will be a combination of cash and/or institutional loans.