- 1824 Store Street, Victoria, BC, V8T 4R4
Market-Dominating Niche Salon & Spa
By Keith MacKenzie
Asking Price
$200,000
SDE
$100,361
EBITDA
Industry
$37,861
Beauty and Personal Care
Gross Revenue
Location
$596,099
Victoria, BC, Canada
Presenting a unique opportunity to acquire a specialty niche salon and spa in the vibrant community of Victoria, BC. Established in 2009, this one-of-a-kind salon offers a variety of services such as haircuts, manicures, pedicures, spa treatments, and themed parties. Known for its exceptional customer experience, the business has cultivated a loyal customer base, with most clients visiting multiple times a year.
The salon operates from a strategically located space within a busy mall, ensuring high foot traffic and visibility. Growth opportunities include expanding service offerings, increasing the number of salon chairs, expanding number of stores either through business-owned or franchise model, enhancing retail offerings, and initiating marketing efforts to drive new customer acquisition.
Priced at $200,000 with a $50,000 vendor note offer, this is a remarkable opportunity for an entrepreneur looking for a turn-key business with opportunities for growth. The transition to new ownership is expected to be seamless, supported by a dedicated team and well-documented operational processes. This salon operates efficiently with a management team in place, as the current owner is not involved in day-to-day operations.
This highly-reviewed, niche salon is well-positioned for continued success and growth under new ownership.
Number of Employees
14
Year Established
2009
FF&E
N/A
Inventory
$50,000
Reason for Selling
The business is on the market due to the unfortunate passing of the founder. The next owner will inherit a well-established, thriving business with a solid foundation and clear path to further growth.
Facilities & Assets
Occupying a prime location in a busy shopping mall, the salon boasts a welcoming and vibrant interior. The current lease includes 6 salon chairs, with 4 presently in use, offering a direct path for expansion. The lease terms are favourable, with a flat rate of $5,200 and a percentage contribution on sales exceeding $50K per month. The space's design and location are perfectly suited to support both existing operations and future growth initiatives.
Growth & Expansion
There is considerable room for growth and expansion. The business has not explored advertising, leaving a huge untapped market accessible through strategic marketing campaigns. Additionally, the possibility of expanding the physical space to include more chairs and extending the retail offering presents valuable avenues for revenue growth. Reviving quarterly specials and leveraging social media platforms could further enhance customer engagement and attract new clientele.
Asking Price
$200,000
SDE
$100,361
EBITDA
Industry
$37,861
Beauty and Personal Care
Gross Rev.
Location
$596,099
Victoria, BC, Canada
Presenting a unique opportunity to acquire a specialty niche salon and spa in the vibrant community of Victoria, BC. Established in 2009, this one-of-a-kind salon offers a variety of services such as haircuts, manicures, pedicures, spa treatments, and themed parties. Known for its exceptional customer experience, the business has cultivated a loyal customer base, with most clients visiting multiple times a year.
The salon operates from a strategically located space within a busy mall, ensuring high foot traffic and visibility. Growth opportunities include expanding service offerings, increasing the number of salon chairs, expanding number of stores either through business-owned or franchise model, enhancing retail offerings, and initiating marketing efforts to drive new customer acquisition.
Priced at $200,000 with a $50,000 vendor note offer, this is a remarkable opportunity for an entrepreneur looking for a turn-key business with opportunities for growth. The transition to new ownership is expected to be seamless, supported by a dedicated team and well-documented operational processes. This salon operates efficiently with a management team in place, as the current owner is not involved in day-to-day operations.
This highly-reviewed, niche salon is well-positioned for continued success and growth under new ownership.
Number of Employees: 14
Year Established: 2009
FF&E: N/A
Inventory: $50,000
Reason for Selling
The business is on the market due to the unfortunate passing of the founder. The next owner will inherit a well-established, thriving business with a solid foundation and clear path to further growth.
Facilities & Assets
Occupying a prime location in a busy shopping mall, the salon boasts a welcoming and vibrant interior. The current lease includes 6 salon chairs, with 4 presently in use, offering a direct path for expansion. The lease terms are favourable, with a flat rate of $5,200 and a percentage contribution on sales exceeding $50K per month. The space's design and location are perfectly suited to support both existing operations and future growth initiatives.
Growth & Expansion
There is considerable room for growth and expansion. The business has not explored advertising, leaving a huge untapped market accessible through strategic marketing campaigns. Additionally, the possibility of expanding the physical space to include more chairs and extending the retail offering presents valuable avenues for revenue growth. Reviving quarterly specials and leveraging social media platforms could further enhance customer engagement and attract new clientele.
Sprint Business Brokers
1824 Store Street, Victoria, BC, V8T 4R4
Phone: (250) 812-0089, Email: info@sprintbusinessbrokers.com
Market-Dominating Niche Salon & Spa
Asking Price
$200,000
SDE
$100,361
EBITDA
Industry
$37,861
Beauty and Personal Care
Gross Revenue
Location
$596,099
Victoria, BC, Canada
Presenting a unique opportunity to acquire a specialty niche salon and spa in the vibrant community of Victoria, BC. Established in 2009, this one-of-a-kind salon offers a variety of services such as haircuts, manicures, pedicures, spa treatments, and themed parties. Known for its exceptional customer experience, the business has cultivated a loyal customer base, with most clients visiting multiple times a year.
The salon operates from a strategically located space within a busy mall, ensuring high foot traffic and visibility. Growth opportunities include expanding service offerings, increasing the number of salon chairs, expanding number of stores either through business-owned or franchise model, enhancing retail offerings, and initiating marketing efforts to drive new customer acquisition.
Priced at $200,000 with a $50,000 vendor note offer, this is a remarkable opportunity for an entrepreneur looking for a turn-key business with opportunities for growth. The transition to new ownership is expected to be seamless, supported by a dedicated team and well-documented operational processes. This salon operates efficiently with a management team in place, as the current owner is not involved in day-to-day operations.
This highly-reviewed, niche salon is well-positioned for continued success and growth under new ownership.
Number of Employees
14
Year Established
2009
FF&E
N/A
Inventory
$50,000
Reason for Selling
The business is on the market due to the unfortunate passing of the founder. The next owner will inherit a well-established, thriving business with a solid foundation and clear path to further growth.
Facilities & Assets
Occupying a prime location in a busy shopping mall, the salon boasts a welcoming and vibrant interior. The current lease includes 6 salon chairs, with 4 presently in use, offering a direct path for expansion. The lease terms are favourable, with a flat rate of $5,200 and a percentage contribution on sales exceeding $50K per month. The space's design and location are perfectly suited to support both existing operations and future growth initiatives.
Growth & Expansion
There is considerable room for growth and expansion. The business has not explored advertising, leaving a huge untapped market accessible through strategic marketing campaigns. Additionally, the possibility of expanding the physical space to include more chairs and extending the retail offering presents valuable avenues for revenue growth. Reviving quarterly specials and leveraging social media platforms could further enhance customer engagement and attract new clientele.
Efficient Experienced Empathetic
We check all the boxes for small business sales.
Canada's only nationwide business brokerage specializing in selling owner-operated businesses valued under $500k.
Address
(250) 812-0089
info@sprintbusinessbrokers.com
1824 Store Street, Victoria, BC, V8T 4R4
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