Avalon Partners are proud to present prospective buyers with an outstanding acquisition opportunity in the dynamic and vibrant beauty salon industry.
This business is well established and operated since 2011 by the same owner. The company has succeeded in establishing a strong brand identity and a loyal clientele with 3,400 customers and a customer retention rate of 86%, which is 11% above the industry average. With a large team of experienced and loyal staff, the company has all the necessary personnel required to continuing building on its success.
The 1800 square foot space is fully furnished and equipped and features an impressive decor, requiring little to no additional investment from a new owner. The rent is very reasonable for the area and the lease includes an allowance for leasehold improvements. The business is located on the north shore of Montreal near a major highway.
The company is financially successful and generates an average annual cash flow of $124,978 for the owner. Revenues in 2023 were $869,000 and their average gross profit margin is 19.5%, which is 2.4 times higher than the industry average.
There are many opportunities to further grow the revenues of this exceptional business under new ownership; such as increasing traffic to their online store, adding new stylists as well as offering additional services.
The asking price is $254,000 which includes the value of inventory, currently estimated at $60,000.
The owner is willing to consider seller financing for a qualified buyer. The owner wishes to retire but will remain during a transition period to train the new owner and introduce them to clients.
A detailed Confidential Information Memorandum will be shared after signing a confidentiality agreement.
