Exceptional Hair Salon with a Focus on Healthy Hair & Growth Potential

This unique hair salon was founded in 2020 out of a passion for celebrating natural beauty and providing exceptional hair care. Located in the heart of Henry County, the salon offers a sanctuary where clients can receive top-notch services while enjoying a relaxing and rejuvenating experience. Specializing in silk press treatments, the team of skilled stylists brings artistry and expertise to every session, ensuring each client’s hair is treated with the utmost care.

The philosophy of the salon revolves around three key pillars: impeccable client experience, quick yet thorough services, and a steadfast commitment to healthy hair. The salon operates on the mantra, “Spend an hour and smell the flowers,” reflecting their dedication to providing efficient, high-quality services that prioritize hair health. This focus on both style and care sets the salon apart in the marketplace and has created a loyal following.

With annual sales of $210,000 and annual cash flow of $45,000, the salon has built a strong foundation and is well-positioned for continued success. Social media marketing, particularly through Instagram and TikTok, has been a major driver of business, with Google also serving as an important source of client traffic. Community sponsorships have successfully increased local visibility, further enhancing the salon’s reputation.

The business owner is dedicated to ensuring a smooth transition for the new owner, offering up to 60 days of training and a willingness to sign a standard non-compete agreement. The salon is well-managed, with established policies and procedures in place that allow for smooth day-to-day operations without requiring constant owner oversight. Staff is in place and ready to continue providing the exceptional service the salon is known for.

The premises are leased, providing flexibility for the new owner. With a strong brand, dedicated staff, and loyal customer base, this business presents an excellent opportunity for an entrepreneur looking to take over a thriving, community-oriented salon with significant growth potential.

Down Payment: N/A

Total Sales: $201,030

Cash Flow: $45,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $5,000

FFE Included: Yes

Inventory: N/A

Inventory Included: Yes

Year Established: 2020

Days & Hours of Operation: The salon is open Wednesday through Friday from 8 AM to 8 PM, Saturday from 7 AM to 7 PM, and Monday and Tuesday from 8 AM to 8 PM, with Sundays closed

Owner Hours Per Week: 20 or less

Non-Owner Payroll: N/A

Employees: Employees are expected to stay with the business after the new owner takes over. The staff includes two Level 1 stylists on a 46% commission and one Level 3 stylist earning 48% commission plus an additional 20 hours per week for management duties. Currently, only the coordinator is aware of the sale.

Managers: The management team consists of the owner and her salon coordinator. The salon coordinator, who works 30-40 hours a week at a rate of $13 per hour, manages operations, coordinates staff, and handles marketing, ensuring stability within the team.

Lease Option: The salon is currently operating under a three-year lease with a monthly rent of $1,302, which includes water. The lease is set to expire in October of next year, with an option to renew.

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $1,302

Type of Location: Salon

Square Footage: 1,200 square feet

Franchise: No

Facilities Information:

This space is part of a two-story office building, which is zoned for office use in Henry County. The building is well-maintained and offers ample parking, making it an ideal location for a thriving salon business.

Reason For Sale:

New business ventures.

Training & Support:

The owner is willing to offer training up to 60 days to the new owners.

Historical Summary:

This unique hair salon was founded in 2020 out of a passion for celebrating natural beauty and providing exceptional hair care. Located in the heart of Henry County, the salon offers a sanctuary where clients can receive top-notch services while enjoying a relaxing and rejuvenating experience. Specializing in silk press treatments, the team of skilled stylists brings artistry and expertise to every session, ensuring each client’s hair is treated with the utmost care.

Owner Qualifications:

The salon is well-managed, with established policies and procedures in place that allow for smooth day-to-day operations without requiring constant owner oversight. Staff is in place and ready to continue providing the exceptional service Urban Lotus is known for.

Competition:

The business emphasizes a relaxer-free environment to promote healthy hair and focuses on client education as well as creating a team-based salon atmosphere. There are varying salons located nearby, offering a range of hair care services. One salon in the same plaza features a stylist specializing in natural and relaxed hair as well as extensions. Another nearby salon combines hair services with image coaching. Just under a mile away, a national chain offers a budget-friendly option for quick haircuts and blowouts.

Potential Growth:

There are several opportunities to grow the business. Bringing on one or two additional stylists could help serve more clients and increase revenue. Extending hours or opening on additional days, such as Tuesdays and Wednesdays, may also attract more business. Focusing marketing efforts on color services and transformations, especially through platforms like Instagram, TikTok, and Google, can help draw in new clients. Expanding retail sales by promoting related products in the salon offers another way to boost revenue.

Financing/Terms:

The seller is open to seller-financing.