12 Yr Est. Modern Hair Salon #000300

Dallas, TX (Collin County)

12 Yr Est. Modern Hair Salon #000300

Asking Price:$265,000

Cash Flow:$124,241

Gross Revenue:$590,511

EBITDA:N/A

FF&E:$30,000

Inventory:$3,000

Established:2004

12 Yr Est. Modern Hair Salon #000300

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Business Description

Modern hair salon exclusively focused on one of the finest hair care product brand in North Dallas is available for acquisition. This high-end salon was established in 2004 and relocated in 2008 by the current owner. Sales have continued to grow ever since its inception regardless of competitors that always come and go within the immediate market area due to finest hair care products the salon only carries and top quality service it provides by seasoned, professional stylists. The customer base has a solid foundation of very loyal customers from all around the local area and locations from 5 miles away from this facility. Sales in 2015 were $565,000/year and are expected to hit to $600,000 mark in near future. As the area is consistently growing, the salon is gaining 60-70 new customers per month which can be increased with marketing of local communities and housing. Constant marketing has been done from the early establishment of this business to presence but more pro-active marketing is necessary to take this salon to the next level. New stylists has been hired after the departure of two key stylists and the business is on track to increase yearly sales. Products at this salon are exclusively those from a brand known as the top of line in the industry - hair products, waxing products, different hair color solutions, and hair beauty products. Each purchase of product from the exclusive vendor accumulates points in which the salon can receive free conditioners and other products with the accumulated points. Unlike most salons, this location provides different varieties of hair product to meet the skin sensitivity of an individual unlike competitors which only have one type of product. Renovation of the facility has increased sales and separates this operation from other salons nearby. This is salon is known for its reputable and fantastic customer service around the local area. Acquisition of this business can be quite beneficial to the buyer as long as this business is proactively marketed to the right areas.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
6FT/2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 1,793 SF facility is consistently updated with modern art and beautiful interior design. In 2014 the salon was renovated into a more modern and upbeat style salon.
Competition:
Couple of new competitors are within the immediate market area, but this hasn't affect sales in any form. Sales are still consistent even after the new competition arrived in the area.
Growth & Expansion:
Constant marketing has been undertaken by current owner since the inception of the salon, but proactive marketing is highly necessary at present time in order to accelerate the growth as the area is consistently growing in population and is producing 60-70 new customers per month as the population grows.
Financing:
100% down at the time of closing or 30-50% cash down with SBA Financing for Qualified
Support & Training:
Owner will provide training during a 4 week period for a smooth transition into the business.
Reason for Selling:
Other Opportunities.

Listing Statistics for Premium Members

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

V-AID Group, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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