Prime Location Well Established Family Hair Salon

Dallas, TX (Dallas County)

Prime Location Well Established Family Hair Salon
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Asking Price: $75,000

Cash Flow: $55,498

Gross Revenue: $232,619


FF&E: $20,000

Inventory: $1,000

Established: 1988

Prime Location Well Established Family Hair Salon

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Business Description

Well-established unisex family hair salon placed in a prime location shopping center is available for acquisition. This business was originally established three decades ago in 1988 and was later acquired by the current owner of the business in 2013. Most of the customers are Caucasian men and women from the surrounding densely populated residential neighborhood as well as the nearby nationwide grocery chain that brings constant foot traffic. Net sales average was $200,000/year that has been consistent over the last several years as this business has a great foundation of loyal customers built over the last several decades. Competition is expected for any type of hair salon, but this business has established itself in the area for decades and created many sustaining customer relationships compared to the competition. Although some marketing have been done through word of mouth over the years, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers. There are many ways to proactively market this business such as direct mailing, social media outlets, family bundles, retail products and hiring additional hair stylists. Utilization of social media outlets will help this business tremendously as there are many new developing areas nearby that will attract many tenants and bring more foot traffic to the next door nationwide grocery chain. Various products and services are provided at this business that can range from haircuts, hair coloring, Brazilian blowouts, perms, lip waxing, eyebrow waxing and some retail hair products. This business has everything place from loyal customers to consistent sales for a potential buyer to come proactively market this business as well as being fully involved in the day-to-day business operations.

Listing ID #000578
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Dallas, TX
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This business is located in a 1,200 SF retail strip center that is placed right by numerous businesses and anchored by a nationwide grocery chain. All equipment is in impeccable condition and in working order.
Few competitors are within the immediate market area, but this business has been operating for several decades accumulating loyal customers that make the foundation of the business.
Growth & Expansion:
Some marketing is done in the local area, but this business needs to focus on other proactive marketing tactics to generate more cash flow and acquire new customers.
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation and is willing to stay as part time on commission.
Reason for Selling:
Burned Out
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

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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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