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Asking Price$140,000
Revenue$202,164 Established2010
Cash Flow$69,564 Employees2 full, 3 part
FF&E$50,000* FranchiseNo
Inventory$3,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent opportunity to own a high-end, contemporary salon in the hottest retail area in the region that is experiencing rapid development and growth, the Vienna/McLean/Tysons Corner the “Next Great American City”. The business is right outside the major development and less than one mile from the new metro station. The salon is well established, opening in 2010, with an excellent reputation in a newly remodeled modern boutique setting. The salon has a very loyal client base and great team of experienced stylists. There are 11 stations, 3 shampoo bowls, and 2 dryers with plenty of space to add additional stations or private rooms for other services. Affordable rent and nearly 10 years remaining on the lease makes this an attractive opportunity for an experienced stylist ready to own their own business or an experienced business owner who would like to duplicate their success in this desirable location. The owner has priced the business to sell at less than start-up costs, this is a real must see and likely won’t last long so contact us today!
Facilities:The 1800 sq ft space is located in a mixed use Retail/Office Building in the Vienna/McLean/Tysons Corner Area. The monthly rent is currently approx. $4,800/mo “all in” through Feb 2024. The salon was recently completely renovated with a contemporary design and feel. It is in the center of the hottest retail zone in the region and is adjacent to hotels and office parks. There are 11 stations, 3 shampoo bowls, and 2 dryers with plenty of space to add additional stations or private rooms for other services.
Competition:There is standard competition for the industry in the market, but with a nice contemporary design and such a prime location to serve residential, retail or corporate office park clientele, this salon is well positioned for continued success. Being less than 1 mile to the Silver Line Metro and major new development this makes it a great business opportunity setting it apart from its local competition.
Growth Potential:With the business being located right in the Vienna/McLean/Tysons Corner Area which is the fastest growing high end retail, residential and office community in the region the business is poised for growth just from the local development. Fairfax County Government says, "We intend for Tysons to become Fairfax’s “downtown.” By 2050, Tysons will be home to up to 100,000 residents and 200,000 jobs under the county’s transformation plan. Already, more than 31 million square feet in new mixed-use development have been approved. Increasingly, these communities are where everyone from millennials to baby boomers want to live." Washingtonian Magazine says, "Tysons Corner is home to the most ambitious re-urbanization project on Earth." If a new owner capitalized on the planned development and inherent growth along with employing a local marketing and advertising plan, the business will see unimaginable growth and success! Adding additional services like, nails, massage, facials and additional spa treatments since none are currently offered would dramatically increase revenue along with recruiting new service technicians to either rent space or become a commission split employee.
Training/Support:Owner will provide necessary training and support and will also stay on as a stylist to continue to generate revenue and help with customer retention.
Seller Financing:Available depending on the final purchase price, terms and qualifications of the buyer.
Sale Reason:Family and health.
Ad #88039
Seller Reference #HZ269AH
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Alan Horn
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