Printer






Large Upscale Beauty Salon


Located in the Greater Toronto Area, this is an extremely profitable (over $1.2 Million adjusted profits in 2017) and renowned multi-stylist beauty salon with an affluent recurring customer base. This is a recession-proof business with consistent year over year earnings thanks to loyal high-end clients returning every few weeks for service and products they depend on. The business has well documented financial records to back its earnings. 

 

This well managed salon business – which rivals some of the top salons in New York and London – is in a downtown storefront building that is owned by the seller, who is looking to retire.  The interior has been continually updated and modernized to reflect the trendsetting and innovative hair design and customer services being provided by a well-trained commissioned/salaried staff.  Fully documented operating procedures, point-of-sale salon management software, and a customized appointment-booking App keep this business running at an optimal level of profitability every year.  Salon floor staff is departmentalized into styling and coloring services, with many team members having master-level certifications.  A winner of numerous industry awards during its 35-year operating history, this salon owes much of its success to its unique employee-training program and an extremely high level of staff retention and loyalty.




Background information

Reference:

13158-GB

Year established:

1983

Reason selling:

Retirement

Finance

Sales:

$3,800,000

Profits:

$1,211,000

Profit type:

Discretionary Earnings

Premises

Location:

Downtown storefront in premium location

Price and terms

Price:

$3,000,000