Salon Business for Sale in Upscale N. Dallas Location 000952
Price: $55,000
Location: Collin County, Texas
Industry: Beauty & Personal Care/Hair Salons & Barber Shops
Listing ID: 000952
Salon business for sale! Upscale family hair salon with experienced staff in North Dallas is available for acquisition. This business was established in 2017 by the previous owner and was acquired by the current owner in February 2019. This business is conveniently located on the intersection of two busy roads in the city next to the salon suites anchored by a movie theater and other retail businesses that bring immense foot traffic to the area. This salon provides all men, women, and children hair-related services, including haircuts, perm, color, and highlights, as well as facial and partial body waxing. There is little to no marketing effort besides its website and online booking system. Proactive marketing, such as social media outlets, offering discounts to medical staff nearby the hospitals and medical offices, and mailing coupons and flyers to surrounding homes and apartments, will be beneficial to acquire new customers from the untapped areas of the city. There are currently two full-time employees on commission and two renting the booth. Between the commission employees and the owner, average weekly sales have been approximately $2,000-$2,500 without much proactive marketing effort. Currently, there are eight available booths, but not all are being utilized. To further grow the sales, the buyer can hire additional hairstylists for added income from the commission or booth rentals. This will be a great opportunity for a hands-on owner who can dedicate full time as a hairstylist or to marketing; there is a lot of potential to reach its full financial potential.
Down Payment: $55,000
Total Sales: $87,590
Cash Flow: $16,804
Inventory: $2,000 (Included in listed price)
FFE: $30,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Burned Out
Training & Support:
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
Year Established: 2017
Employees: 4FT
Absentee Owner: No
Square Footage: 900 SF
Facilities Information:
This business is located on the intersection of two busy roads in the area in a 900 SF space adjacent to salon suites anchored by a movie theater and other retail businesses, which brings immense foot traffic to the location. All fixtures, furniture, and equipment are in excellent condition and in working order.
Competition:
There are few other salons and suites in the immediate area, but the staff is highly experienced and the competitors have their own established clients from the previous location.
Potential Growth:
Currently, minimal marketing is in place. All online and social media outlets, as well as direct marketing, need to be fully utilized by offering special packages and promotions. The owner can also hire additional hairstylists to fully utilize unused salon chairs to generate additional rental income and commission. If the buyer is an experienced hairstylist and has their own clients, all revenue generated by themselves will be their income in addition to income from station rentals.
Financing/Terms:
100% down at the time of closing.
