Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Family Run Beauty Salon with Rooms for Rent
(Hair & Beauty)
Tarrant, Texas
Listed Price: $ 89,000
Listing ID: 000958

Listing DetailsDown Payment: $ 44,500
Gross Revenue: $ 168,000
Cash Flow: $ 45,000
FFE: $ 60,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Burnt out


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Well-established family hair salon placed in a prime location in West Fort Worth is now available for acquisition. This business was established in late 2015 by the current owner of the business. This business is in a 1,752 SF space of a retail strip center located next to major highway of a city with heavy traffic and retail chains surrounded by densely populated residential area that attract a number of people to the area. Most of the customers are middle-class individuals and a well mix of all ethnic groups that are from the surrounding densely populated residential neighborhoods. There are few competitors within the immediate market area, but this business has their own demographics and customers through its superior service and affordable price point. Net sales average was $40,000/year that has been consistent over the last several years without any marketing. Although no single marketing have been done except thru a 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, website, family bundles, retail products, room rental, expanding services and creating online booking service. In order to further grow the sales, the buyer can hire additional hairstylists for added income from the commission or from booth rentals. Various products and services are provided at this business that can range from haircuts, hair coloring, highlighting, perm, updo, lip waxing, eyebrow waxing, underarm waxing, facial, eyelash extensions and individual false eyelashes. This will be a great opportunity for a hands-on owner who can dedicate full time as a hairstylist or on marketing; there is a lot of potential to reach its full financial potential.


Competition:

Few competitors are within the immediate market area, but this business has their own established customers and is surrounded by many retail businesses.


Potential Growth:

No marketing is in place at the present time.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1752
Facilities:

The business is located in a 1,752 SF space of a retail strip center surrounded by retail businesses and franchise food businesses that drive traffic to this area.


OperationYear Established: 2015
Employees: 1FT
Absentee Owner: No