Professional Hair Color Salon and Store

Atascocita, TX (Harris County)

Seller Financing Available
Professional Color, Cut and Style

Asking Price:$125,000

Cash Flow:$53,933

Gross Revenue:$278,905

EBITDA:N/A

FF&E:$44,100

Inventory:$10,000

Established:2013

Professional Hair Color Salon and Store

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Business Description

The salon and retail shop was built in 2013 and commenced operations in November of that year. The salon was built to the specifications of the owners and they spared no expense in building a state of the art facility from which to serve their clientele. The owners spent over $121,000 on buildout and fixtures for the salon. The salon is located in a new strip center with excellent frontage on Atascocita Rd. in Humble, TX.

The salon prides itself on its expertise in hair coloring, and bills itself as the “color experts”. They also provide expert hair styling and cutting for traditional as well as trendy hair styles. In addition, they also provide the following services: facial waxing, make up, hair extensions, group and wedding services, scalp massage and paraffin hand treatment.

The company’s customers are primarily middle and upper class women in the 40 to 65 age group. They also serve a large number of professional working women. Although they do serve men and children it is not a large portion of their business.

There are currently five employees, not including the owner. The owner is a Master Stylist and there are two full time Senior Stylists, one full time Junior Stylist and one full time receptionist. The stylists are paid on a commission basis for revenue generated and retail products sold. The Junior Stylist receives an hourly wage and a commission for retail sales. The receptionist is paid a straight wage.

The owner is selling the business because she just recently had her second child and wants to devote her time to raising her children. The owner does not wish to stay permanently with the business but would consider a part time or fill in position should the new owner feel it necessary.

The salon is located in a newer retail strip shopping center with plenty of parking and excellent exposure to a very busy, major road running through the Humble/Atascocita area. There are two years left on the initial lease as well as two three year options.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
Five Full Time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The salon is located in a retail strip shopping center with excellent frontage on Atascocita Rd, one of the main thoroughfares in the Humble/Atascocita area. The salon is facing and has signing easily visible from Atascocita Rd. and has sufficient parking directly in front of the store. They are located adjacent to the anchor tenet in the center. The lease is a NNN lease and the tenant is responsible to pay all utilities and common area Maintenance (CAM) fees.
Competition:
The company provides high quality products and services that are not available at the budget priced or franchise salon locations. They also provide personalized on and off site services to groups such as wedding parties. They will do an entire wedding party at their salon or they will travel to the venue where the wedding is taking place and they will perform the services at their location of choice.
Growth & Expansion:
To increase revenue and profit the new owner could: increase the number of stylist stations (there is enough room to add at least two more stylist stations without a major layout change; develop and emphasize growth of the distributed product lines; and add more retail products. They also could open six days a week (currently five) and open evenings (currently only one evening). This would give a tremendous boost to revenue and profit.
Financing:
Negotiable
Support & Training:
The owner is willing work with and train the buyer for the proposed transition period of four weeks at thirty-two hours per week.
Reason for Selling:
Owner just had second child and wants to devote time to family.

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Brad Tait

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Brad Tait

Tait & Associates Business Brokers

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