Located in the Greater Toronto Area, this is a full service women’s hair salon which provides cuts, colour, spa treatment and makeup services in an upscale environment. A team of highly skilled hair stylists has allowed the business to develop a loyal customer base and a client retention rate of over 85%. As a high-end women’s only hair salon, the business has successfully limited competitive pressure by carving out its niche. Consequently, the company’s sales have consistently been growing on a monthly basis over the last year. The business exclusively offers eco-friendly products and has a partnership with Aveda which creates a strong competitive advantage, thereby boosting demand. Moreover, the business enjoys location advantages, being located in a high traffic plaza with other high-end stores which generate additional business through referrals.
According to IBIS World, the industry revenue is expected to grow at an annualized rate of 2.2% over the five years to 2023. This growth is primarily attributable to an increasing disposable income and an increase in consumers’ willingness to pay a premium for experiences. Due to its high income target demographic, sales are expected to remain steady through recessionary periods.
This opportunity is ideal for a private buyer looking to acquire a growing business with a innovative and easy model to manage, or a strategic purchaser seeking to diversify and expand its product line and client base.
Asking Price: $265,000
Revenue (2019*): $142,000
2019* Revenue is a forecast based on year-to-date performance
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