Profitable Salon at Bargain Price!!! Huge Potential!!!

Tyler, TX (Smith County)

Salon
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Asking Price: $75,000

Cash Flow: $51,741

Gross Revenue: $126,521

EBITDA: N/A

FF&E: $5,000

Inventory: $1,000

Rent: $2,300 /Month

Established: 2012

Profitable Salon at Bargain Price!!! Huge Potential!!!

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Business Description

Although it services clients of all ages, this salon caters specifically to kids. This salon has a whole kids’ room where they can watch videos or play games while they get their hair cut. The kids’ room also has toys for kids who are waiting for their turn.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
9/30/2021
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Opened in 2012, the owner specialized in kids hair styling. In 2016, the salon moved to the present location and expanded to adults (men and women) and expanded offerings such as facials & nails.
Competition:
While there are a number of salons in the Tyler area, this salon has a very loyal kid clientele. The current owner wishes to remain as an employee which will prevent her personal clients from leaving.
Growth & Expansion:
The owner has 5 chairs that have been rented out. An esthetician and nail technician are also providing services on site. Simply increasing the number of stylists will increase revenue for the new owner. Offering Spa packages will bring in diverse clientele and provide short term positive cash flow.
Support & Training:
2 weeks
Reason for Selling:
Family
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Saleem Marwat, MBA

Business Listed By:
Saleem Marwat

Transworld Business Advisors

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