Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Prime Location Well Established Family Hair Salon
(Hair & Beauty)
Dallas, Texas
Listed Price: $ 75,000
Listing ID: 000578

Listing DetailsDown Payment: $ 22,500
Gross Revenue: $ 232,619
Cash Flow: $ 55,498
FFE: $ 20,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

Burned Out


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation and is willing to stay as part time on commission.


Listing SummaryBusiness Description:

Well-established unisex family hair salon placed in a prime location shopping center is available for acquisition. This business was originally established three decades ago in 1988 and was later acquired by the current owner of the business in 2013. Most of the customers are Caucasian men and women from the surrounding densely populated residential neighborhood as well as the nearby nationwide grocery chain that brings constant foot traffic. Net sales average was $200,000/year that has been consistent over the last several years as this business has a great foundation of loyal customers built over the last several decades. Competition is expected for any type of hair salon, but this business has established itself in the area for decades and created many sustaining customer relationships compared to the competition. Although some marketing have been done through word of mouth over the years, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers. There are many ways to proactively market this business such as direct mailing, social media outlets, family bundles, retail products and hiring additional hair stylists. Utilization of social media outlets will help this business tremendously as there are many new developing areas nearby that will attract many tenants and bring more foot traffic to the next door nationwide grocery chain. Various products and services are provided at this business that can range from haircuts, hair coloring, Brazilian blowouts, perms, lip waxing, eyebrow waxing and some retail hair products. This business has everything place from loyal customers to consistent sales for a potential buyer to come proactively market this business as well as being fully involved in the day-to-day business operations.


Competition:

Few competitors are within the immediate market area, but this business has been operating for several decades accumulating loyal customers that make the foundation of the business.


Potential Growth:

Some marketing is done in the local area, but this business needs to focus on other proactive marketing tactics to generate more cash flow and acquire new customers.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1200
Facilities:

This business is located in a 1,200 SF retail strip center that is placed right by numerous businesses and anchored by a nationwide grocery chain. All equipment is in impeccable condition and in working order.


OperationYear Established: 1988
Employees: 3FT
Absentee Owner: No