The most important items for a salon to be successful are:
1) Great Signage. If you don't have a very visible sign (or two) out front you are missing out on your total profit potential. This salon has 2 great signs already and you can easily place two ?grand Opening? signs in the grass out front that can be easily seen by the drive-by traffic right in front of the salon.
2) Drive By Traffic. Drive by traffic represents about 50% to 60% of most salons overall business. A salon with 200 drive-by cars an hour is much more profitable than a salon with only 100 drive-by cars an hour. This salon is located on one of Riversides very busiest streets.
3) Rent. If a salon has monthly rent of $3,200 plus triple net of $800 a month (which totals $4,000 a month) and another salon has a super low (hard to find but out there if you look) rent of $1,500 a month and no triple net for a total of $1,500 a month that is a $2,500 per month difference in rent between the two salons. You will save $30,000 every year on rent which is $300,000 more in your bank account every 10 years with the cheaper rent. This salon?s rent is incredible at only $1,220 per month with no triple net!!
4) Maximum Number Of Stylist (or barber) Stations. For most average salons the rule of thumb is to have at least four stylist stations with the ability to expand to at least six stations. This salon already has 5 stylist stations and an additional room for your use.
You will get all of her customers as we are moving out of state. She will gladly teach you exactly how she is currently running her salon.
In her 35 years of experience as a stylist, salon manager, and salon owner she says that about 50% of salons customers will stay when there is a new owner. This salon would be perfect for a local stylist who already has some local customers. The salon is open 9-1/2 hours a day. My Fiance also said that within one year of having Grand Opening signs in the grass out front that the salon was very busy and she did not advertise at all the salons growth was just because of all of the drive by traffic.
Even though she has not advertised in many years I can pass on to you about 50 places that you can advertise for free and show you some very cheap and effective paid advertising sources so that you can grow even faster. If your goal is to grow and be a great salon then this is the right salon as it is on one of the very busiest streets in Riverside.
Price of $44,000 includes all fixtures, equipment, and her existing customers. Call to request an appointment for a private viewing. Salon is shown by appointment only, please. Call: (951) 775-6021. Thank-you.