High End Salon in Folsom

Folsom, CA (Sacramento County)

Seller Financing Available
Salon Floor
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Asking Price: $152,000

Cash Flow: $115,000

Gross Revenue: $186,412

EBITDA: N/A

FF&E: $50,000

Inventory: $3,400

Rent: $3,000 per Month

Established: 2018

High End Salon in Folsom

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Business Description

Salon for Sale

Our beautiful salon is located in the heart of downtown Folsom. The building is located in the business district and as a result, it gets a lot of exposer. It is located on the intersection of Riley and Natoma street which is the busiest intersection in Folsom. As result, the salon also gets a great deal of call ins.

The salon ranks high on search engineers for "Hair Salons in Folsom", "Colorist in Folsom" and many more. For example, we are always on the top of the first page in google for "hair salons in Folsom". This makes it to where we get a great deal of call ins and interest for services at our salon.

This salon is located in Folsom, California and is a hair/ skin care salon. Each of our stylists rents a space/ chair at our high end, boutique salon located near Sutter Street in Old town. We are a clean beauty salon so we sell Kevin Murphy products in order to help preserve the environment and encourage the use of organic materials.

This salon exists to promote and encourage higher standard beauty in the greater Sacramento area. We believe all people should feel beautiful about who they are.

Our stylists and clients see themselves as part of a family and community. Being that we are a high end, boutique salon, our stylists also uphold themselves to a high standard of excellence and pride themselves in their craft.

Our current clientele is willing to pay higher prices for hair services and products. This makes it easy to make a profit. The salon makes money in three ways- giving service, renting out our stations to other stylists, and selling products.

Our building has a really great layout. It is around 1500 square feet and has a backroom, shampoo room, bathroom, esthetician room, and salon floor with five chairs. There is also a storage unit outside the building that is on the property.

There has always been an ample supply of chair renters that help offset the costs of the building. We have an esthetician room that currently rents out to $1200 a month or more if there is several renters. In addition, there are also five chairs on the floor which makes the salon very profitable.

The only reason we are selling the Parlor Salon is because we intend to move our family to Nashville, Tennessee. We are not in a rush to sell and we love our team and crew.

Detailed Information

Location:
Folsom, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
1/1/2025
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This sale includes everything that we have at the salon which includes current products/ inventory (Kevin Murphy), furnishings, salon chairs, shampoo bowls, mirrors, washer/ dryer, refrigerator, etc. The parking is really good at the salon and there is an option to rent parking spots across the street with our logo and sign on them if needed. We currently have a lease for one more year with an option to renew another three years after that. The landlord has been very great to work with and has been a good support to us.
Competition:
There are quite a few salons in our area. However, this is a shortage of high end salons. We offer a unique aesthetic that is different than any other salon in the area. As a result, we continue have people interested in getting services from us as well as renters interested in leasing out spaces. Our beautiful salon is located on the busiest intersection in town. Our SEO on google is also very high and as a result, we get a lot of call ins. All of these factors contribute to plenty of business.
Growth & Expansion:
The salon continues to attract more and more business. There is never a shortage of call ins or interests in getting services at our salon. Currently, the owner is booked out more than three months in advance and the salon have only been open for about two years. Because of our SEO on google, our location, and reputation our calendar is always full to the point that we double book often. There are no cons to my knowledge and we would not sell if we weren't going to be moving.
Financing:
Seller will finance with a 30% downpayment from buyer (Small interest rate)
Support & Training:
We will help introduce the facility and train the buyer in anything they need. This includes everything from our software if they choose to use it to payroll to billing etc. We can also be available to talk after we move if the buyer needs anything.
Reason for Selling:
We are moving to Nashville, TN as soon as we sell
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Business Listed By:
Jonathan Jimmerson

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