Business for Sale

Opportunity Information

High Profit Margin Salon in the Okanagan

Kelowna Thompson/Okanagan Central Okanagan Service $225,000.00
 

**This image may not be a representation of the actual Business or Property for sale**

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Business Type Hair Salons/Beauty
Price $225,000
Real Estate Included No
Real Estate Value $
Revenue $316,288
Cash Flow $79,000
Years in Business 2
Is Inventory Included No
Inventory 15000
Type of Sale Share

Business Description

Located in the Okanagan Valley, this upscale salon is less than two years old and already highly profitable. The business is managed by an independent manager, leaving plenty of time for the owner to work both on the business and within the business. This business is virtually Covid 19 proof, as borne out by the financial results subsequent to the economy re-opening in May of 2020.

This turnkey exceptional opportunity will be of interest to anyone with salon experience, or anyone with an entrepreneurial drive to build on existing profit and cash flow.

Facilities

 

Growth/Expansion

Many opportunities exist for growth or expansion of services. These include: - Adding select spa services (such as waxing); - Moving to specialization in hair extensions; and - Addition and expansion of retail products.
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Community Profile: Kelowna

Thompson/Okanagan
Central Okanagan

Kelowna is the largest community in the Okanagan Valley. Bordering Okanagan Lake, Kelowna is well known for its warm summers and temperate winters. Kelowna continues to be one of the fastest growing cities in BC with high technology, niche manufacturing, health care, tourism and post-secondary education sectors in particular attracting new business and residents to the area.

Statistics
Total Population 127,380
Median Household Income $68,627 ($CDN)
Closest Commercial Airport Kelowna International Airport (14km)
Closest Ocean Port Port of Vancouver (362km)
Closest Major Centre Vancouver (362km)
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