About the company<br />Avalon Partners are proud to present prospective buyers with an outstanding acquisition opportunity in the dynamic and vibrant beauty salon industry.<br /><br />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.<br /><br />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.<br /><br />The company is financially successful and generates an average annual cash flow of $133,000 for the owner. Revenues in 2022 were $832,000 and their average gross profit margin is 21%, which is 2.6 times higher than the industry average.<br /><br />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.<br /><br />The asking price is $300,000 plus the value of inventory, currently estimated at $80,000.<br /><br />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.<br /><br />A detailed Confidential Information Memorandum will be shared after signing a confidentiality agreement.<br /><br />Contact Paul Vokaty at paul.vokaty@avalonpartners.ca<br /><br />www.avalonpartners.ca
