Steal this deal - Modern HAIR salon - motivated to sell

Richardson, TX (Collin County)

Steal this deal - Modern HAIR salon - motivated to sell

Asking Price:$49,000

Cash Flow:$72,495

Gross Revenue:$178,182

EBITDA:N/A

FF&E:$40,000

Inventory:$10,000

Lease Rate/Sq. Ft.:N/A

Established:2005

Steal this deal - Modern HAIR salon - motivated to sell

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Business Description

Beautiful hair salon that you can’t go wrong with after acquisition, especially if you have cosmetology skillsets. Want higher profit than the proven $100K+? Hire more hairstylists/cosmetologists OR lease booths to them. Nice, classy clienteles due to demographics. Owner is willing to stay & work part-time after business sale.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
7/31/2017
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5 years. Excellent ratings on Facebook, Google, & Yelp speak volume about this business’ services & history.
Competition:
Well priced for high income customers. Differentiated itself with high-end services, such as lash extension & Permanent make-up, which are not provided by low-priced competitor across the street.
Growth & Expansion:
Groupon/Living Social marketing or direct marketing to nearby residential complex & companies/businesses, including State Farm, Rockwell Collins, Boeing, Fujitsu, Commscope, Advocare, the new Methodist Richardson Medical Center, surrounding medical clinics, Springhill Marriott hotel, churches, and private schools.
Support & Training:
2 weeks
Reason for Selling:
family

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Bao Le

Business Listed By:
Bao Le

Transworld Business Advisors

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Sponsoring Broker:
Saleem Marwat

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