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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Upscale Beauty Salon In Prime Location
(Hair & Beauty)
Dallas, Texas
Listed Price: $ 329,000
Listing ID: 000985

Listing DetailsDown Payment: $ 65,800
Gross Revenue: $ 550,000
Cash Flow: $ 160,000
FFE: $ 150,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

Retirement


Training & Support:

The owner of the business will provide sufficient training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Upscale luxury beauty salon owned and operated by an owner of over 40 years of experience is available for acquisition. This business was originally established by the current owner of the business over a decade ago in 2008. Most of the customers are loyal customers consisting of women of all age groups that have come for several years to this business through good customer relations. Being placed in mixed use development facility helps drive traffic to this business as the two major highways always showcase the business. Gross sales average is around $550,000/year that has been consistent over the last several years with minimal marketing in place other than their website and word of mouth. Although some marketing is in place to help generate new leads, other proactive marketing methods needs to be utilized for this business to truly maximize income potential and gain new customers. Competition can be expected for this business industry, but this business is the only high-end beauty salon that provides a wide array of services while other salons in the area only have few services that are average at best. There are many ways to proactively market this business such as direct mailing, promotions to apartment complex, social media outlets, more retail products, expanding operation hours and online booking feature for their website. Allowing for easy access to make appointments will help drive the customers to visit more often and provide ease of access for scheduling all booking for the operation. This business has done everything right to make this a success and is ready for a potential buyer to proactively market this business while maintaining the day-to-day operations.


Competition:

Few competitors are within the immediate market area, but this business is a high-end beauty salon whereas the competitors are run-of-the-mill beauty salons that provide sub-par to average services.


Potential Growth:

Some marketing is in place from their website traffic and by word of mouth, but more proactive marketing methods being utilized will help this business tremendously.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1500
Facilities:

This business is located in a 1,500 SF space of a mixed-use development facility in North Dallas that houses many residents and is placed next to two major highways that bring immense traffic.


OperationYear Established: 2008
Employees: 7FT/3PT
Absentee Owner: No