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Highly Profitable & Modernized Booth Rental Hair Salon

Denton County, TX

Highly Profitable & Modernized Booth Rental Hair Salon
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Asking Price: $210,000

Cash Flow: $60,000

Gross Revenue: $118,300

EBITDA: N/A

FF&E: $120,000

Inventory: $1,000

Established: 2000

Highly Profitable & Modernized Booth Rental Hair Salon

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Business Description

Prime location beauty salon with booth rental income is now available for sale. The business was first established in 2000 by the current owner and was later relocated in 2005 into a larger suite within the same shopping center due to increase in demand. This business is in a 2,200 SF space of a retail strip center located next to an intersection with heavy traffic and retail chains surrounded by densely populated residential area that attract a number of people to the area. The facility has two floors and 1st floor (2,000 SF) is being used as rental booth while the 2nd floor (200 SF) is being used as storage and an office. Most of the customers are middle to upper-class individuals from the surrounding densely populated residential neighborhoods and this business has been building a loyal customer base for nearly 20 years that span from the local area to distant cities. Few competitors were found within the immediate market area, but it doesn’t affect the sales of the business because the sales of this business are mostly depends on booth rental income which has not changed over the longevity of this business. Currently, 13 contractors are working at the business with 8-10 booths, and those contractors are sharing the booths by scheduling for every week. Gross sales of this business have been consistent for the last several years running at around $9,100 per month without any marketing as the booth rental is always filled. There are many ways to proactively market this business such as direct mailing, weekly specials and social media outlets etc. It can be more profitable if potential buyer can expand facility to accommodate for more stylist and additional seats to rent. This business has done very well with its ground works, poised for next level growth. A potential buyer should be able to realize the growth by getting actively involved in the day-to-day business operation and conducting pro-active marketing.

Listing ID #000828
For more info, please call Stephen Lee at 1-866-519-2421.

Detailed Information

Location:
Denton County, TX
Inventory:
Included in asking price
Employees:
13PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 2,200 SF of retail strip center that is next to an intersection with consistently heavy traffic surrounded by densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
Competition:
Few competitors are within the immediate market area, but this doesn't affect the sales of the business due to the business sales mostly relying on the booth rental income. The business has built up solid customer base nearly the past 20 years by providing high quality service and affordable price point.
Growth & Expansion:
There is currently minimal marketing being done by current owner, and proactive marketing methods need to be utilized in order to keep the business to continue to grow in sales and new customer acquisition.
Financing:
100% cash at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason for Selling:
Looking for other opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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