Established Hair/Nail Salon

Austin, TX (Travis County)

Hair Salon

Asking Price:$150,000

Cash Flow:$69,704

Gross Revenue:$522,192





*not included in asking price.

Established Hair/Nail Salon

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Business Description

After over 3 decades, the owner is still passionate about her calling as a hair dresser and would love to continue in her profession. At the same time she would like to slow down just a bit and give up her responsibilities as a manager. This make it a perfect scenario for a new entrepreneur to take over ownership and as an owner operator, stand to make an excellent return on investment. The Seller is willing to continue working for 4-5 days a week and train the new owner and be a great mentor. The business has consistently grossed over $500k for the past five years so the sales and profits are predictable. The owner operator netted almost $80, 000 last year and the new owner should do the same or better. The book keeping and tax returns are immaculate with verified financials. Besides long term independent contractors, there are 3 full time employees who assist the stylists. Business has 14 stations, shampoo booths, manicure/pedicure, break room and plenty equipment to run the business smoothly and for the stylists to give great service to the clients. The stylists are a hybrid of rental and commission split and work as a team. Great opportunity for an experienced hair dresser/stylist or a newbie as there is ample support and guidance for the qualified candidate to take ownership of this established Hair/Beauty salon.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
2,050 sq ft @ $4,285/mo. New lease with options negotiable for 1,3,5 years.
Established for over 30 years. Other hair/Beauty salons are in close proximity, but have not effected the revenues. 9 out of 10 stations are occupied.
Growth & Expansion:
Independent, long term stylists make this a steady and predictable business.
Support & Training:
2 Weeks, and Seller will stay on as Stylist for 3-4 days a week and offer ongoing training and support.
Reason for Selling:

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Sunil Z. Verma

Business Listed By:
Sunil Z. Verma

Austin Business Brokers, Inc.

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