Hair Salon with Unique Market Niche Buffalo, New York

Buffalo, New York Business For sale

Property Features

Property TypeBusiness For sale Year Built-
SQFT- Tenancy-
Building ClassA Zoning-

Details

  • Proparty Sub CategorieBeauty and Personal Care
  • Asking Price165000
  • Cash Flow80000
  • Gross Revenue450000 sqft
  • EBITDAN/A
  • FF&EN/A
  • InventoryIncluded in asking price
  • Established1968
  • LocationBuffalo, NY
  • Employees4 FTE, 3 PTE
  • FacilitiesLeased Space
  • Support & TrainingSeller will negotiate a transition period
  • Reason for SellingPursue other interests

Description

The original company has been in business over 50 years and focuses on the cosmetology industry and has a solid footing in a market niche with little competition. The present owner acquired the Company ten years ago and increased market share with a second acquisition a year later. Significant changes to business strategy were addressed and resulted in stable sales during the economic recession. An active and involved owner with hair care experience, can make this business soar. One-third of sales are from the traditional market. Two-thirds of sales are in the "niche" market which comprises 3 distinct market segments in WNY and possesses various licenses and marketing rights. The Company has a solid reputation for providing a needed product and service across numerous demographics.

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