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Collin County Up-Scale Salon Owner Net $90,189

Collin County, TX

Seller Financing Available
Collin County Up-Scale Salon Owner Net $90,189
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Asking Price: Get Financing: $135,000

Cash Flow: $90,189

Gross Revenue: $130,795

EBITDA: $90,189

FF&E: $95,000

Inventory: $25,000

Lease Rate: $1,581 /Month

Established: 2010

Collin County Up-Scale Salon Owner Net $90,189

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Business Description

69% Profitability Factor to Revenue

Opening in 2010, this company has trended 14% annual growth with no marketing dollars. Yelp and Google customer reviews consistently rate this business with 5-stars. This company benefits from its location on the main city’s thoroughfare along with experiencing lowest rents in the county. This thriving shopping center location is easily accessible and viewable. The median income is $122,455 for this area. Money magazine touted this city as the 2nd best place to live and 2nd best place to start a career. This established salon has a strong social media presence, which boosts its customer base.

This salon is decorated with nice modern touches throughout. The existing, fully built out work space can easily accommodate 8 hair stylists. There are also 3 shampoo and 3 dryer stations, a nice bathroom, and a full service utility room. The utility room is outfitted with a full-sized washer and dryer, a full-sized refrigerator, microwave, toaster, music player, full-screen TV and DVD player, plus mixing station, and storage shelving. Near the reception desk are the nicely displayed products for purchase. The waiting area is comfortably and stylishly designed, as well. Product lines offered are Schwarzkoph, Nioxin, and Moroccanoil. This product inventory amount revolves around $20,000 to $30,000 at any given time. The new Owner need not bring anything. Everything is included in the sale.

TEXAS - Rated #2 for its housing of Fortune 500 companies, edging out California. Texas continues to see an influx of businesses relocating to the state. The Dallas-Fort Worth Metroplex is especially successful in luring large companies to the region. Already home to corporate giants such as AT&T, Frito Lay, and Pizza Hut, Dallas will be the new headquarters for Liberty Mutual Insurance, Fannie Mae, and Toyota. Newest companies to be added to this list are Verado Energy and NetScout. This business friendly/people friendly region is exploding with many competitive advantages creating a growth-oriented environment for businesses.

Contact Scot A. Jones Office PH: 214.495.9200 or email Jones@JonesCorporate.com for financial statements and additional information on this company.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
11/30/2028
Employees:
2 (1 FT & 1 PT)
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Recently, headlining in the news is that there are massive plans to envelope serious economic and business communities in this Collin County city, thus expanding new customer base. It has been reported that millions of square feet of office, retail, and residential are being developed. The city approved a $91 Million dollar allocation of funds to build a convention center and a well-branded hotel, in addition to parking for 1,000 cars. Nearby this venture, a new socio-economic hub is offering a 135-acre development for first class living and working alongside a greenbelt and waterway. Additionally, another 60-acre massive development had begun west of this location. The city is at the beginning of a serious upward boom, as it is the last Collin County city with the greatest available land for development. Its greatest benefits are its location off Interstate 75 and quick access to 380, 121, and PGBT thoroughfares. DFW also leads the nation in new home construction.
Financing:
Negotiable
Support & Training:
Owner to provide training to purchaser to secure a proper and complete transition; training to be detailed on the Purchase Agreement.
Reason for Selling:
Family Relocation out of State
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Scot A. Jones

Business Listed By:
Scot A. Jones

The Jones Group

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