Hair Salon located in Northeast Dallas with over 3 decades of establishment is available for acquisition. Established in early 1988 and acquired by the current owner in 2007. Only two miles away from the original location, the business relocated into a more optimal spot for hair salons and population. Few competitors are within the immediate market area, but the 30+ year establishment has separated this business from the more recent hair salons nearby. Currently, each hair stylist that rents a station profits 100% of the sales that they make and has high revenue with the large clientele of this business. Rental income from the hair stylist’s account for more than 80-85% of total sales of $105K and the other 15-20% is generated from product sales. $70-90K of yearly revenues generated by current owner is NOT included in the total sales or in the sale price. This business would be perfect fit for new owner who either has already an existing clientele base or would like to build one while working as one of hair stylists in the salon. Valpak & Money Mailer is used to market out new hair stylist who rent out a station and raises the customer base on behalf of the stylist to increase overall revenue per stylist. Proactive marketing in social media or other marketing outlets will provide the boost this business needs to increase sales drastically since the establishment of this salon. With the 3 available stations in the business, there's 30% capacity to grow and the opportunity to hire an employee to generate revenue for the operation. Products which are provided in this business are hair cutting service, hair coloring, nail care, and distribution of hair care products. The 3 decades of establishment will bring consistent sales through the projected years ahead and the foundation of the very loyal customer base will allow this business to generate tons of cash flow.
Furniture, Fixtures & Equipment: $25,000 (Included in listed price)
Inventory: $2,000 (Included in listed price)
Financing: 100% down at the time of closing or 50% cash down with SBA Financing for Qualified Buyers.
Year Established: 1988
Facilities: Located inside are 9 stations for Hair Design and a single Nail Station. The interior is gorgeously built-out of high quality light fixtures including well maintained beauty equipment. The salon is surrounded by multiple national retailers and grocery stores.Support/Training: Owner will provide training during a 2 week period for a smooth transition into the business operations.
Reason Selling: Other Opportunities elsewhere.
Competition: Couple of competitors within a mile radius, but this business has an already built clientele who's been loyal for many years.
Growth And Expansion: A consistent flow of marketing is needed to fully utilize this business. With the current use of Valpak & Money Mailer, this business will need more proactive marketing to increase overall sales. 3 empty stations are available and could be used to increase profitability by hiring employees instead of leasing to an individual hair stylist. Groupon could potentially be used to increase new clientele.
Asking Price $60,000
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