Business Overview
About the Company
**Business Description:**
**Beauty Supply, Hair Salon, Large Money Transfer with High Commissions**
Located on a busy street near a shopping center in Silver Spring, this well\-established retail store has been serving the community for over 18 years\. Specializing in hair care, skincare, cosmetic products, eyelash extensions, pedicures, wigs, weaves, and lashes, it offers a wide range of beauty products and salon supplies, supported by a loyal and diverse customer base\. The business also includes a highly profitable money transfer service that covers much of the world\.
With a strong reputation for excellent service, this is a fantastic opportunity for anyone looking to enter or expand in the beauty industry\. There is significant potential for growth by adding services such as check cashing, expanding inventory, and introducing nail, eyelash, and pedicure services\. The store features a hair salon for both men and women and is situated in a high\-traffic area\.
This is a turnkey operation with all systems and processes in place, ready for a new owner to take over and thrive\. A smooth transition will be ensured for the new owner\.
**Detailed Information**
- Inventory: Included in asking price
- Real Estate: Leased
- Building SF: 1,500
- Lease Expiration: 8/1/2035
**Competition:** Located in a high\-traffic area of Silver Spring near a popular shopping center, this business benefits from a diverse and affluent customer base\. While there are other beauty supply stores in the area, this store’s 18\-year reputation for excellent service, wide product range, and money transfer service give it a competitive edge\. With opportunities to expand services and inventory, it is well\-positioned for continued growth in a thriving market with minimal direct competition\.
**Growth & Expansion:** This business has significant potential for growth and expansion, including:
**Service Diversification:** Adding services like nail care and eyelash extensions\. Also, introducing check cashing could make a significant difference\.
Increased Inventory
**Marketing Strategies:** Implementing targeted marketing campaigns to boost brand visibility\.
**Partnerships:** Expanding wholesale operations to increase sales to local salons and spas by offering bulk purchasing options\.
Developing an e\-commerce platform to expand reach beyond the local market\.
**Support & Training:** Two weeks of training provided\.
**Reason for Selling:** Relocating\.
**The Furniture, Fixtures, and Equipment \(FF&E\): **Not included in the asking price
**Inventory: **Not included in the asking price
