Turn Key Upscale Modern Hair Salon

Dallas, TX (Collin County)

Turn Key Upscale Modern Hair Salon
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Asking Price: Get Financing: $60,000

Cash Flow: $60,000

Gross Revenue: $350,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 2012

Turn Key Upscale Modern Hair Salon

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Business Description

Prime location full-service hair salon placed in a wealthy city next to a popular mall is available for acquisition. This business was originally established half a decade ago in 2012 by the current owner of the business. Competition is expected for any type of beauty salon, but this business has up-to-date interior designs and provides better quality of services that gives this business an immense competitive edge. Most of the customers are upper-class women that mainly come from the immense traffic from the intersection and the nearby mall as well as the densely populated residential neighborhoods. Net sales average was $330,000/year that has been steadily increasing as more construction is completed in the nearby area and population grows within the city. While no marketing has been done since the inception of this business, proactive marketing tactics needs to be utilized for this business to grow in sales and customer acquisition. There are many ways to proactively market this business such as direct mailing, specials, coupons, social media outlets, hire new staff and expand operation hours. Expanding the operation hours will provide an immediate increase in sales and bring in new customers that only have free time during the current closed operation hours. Various products and services are available at this hair salon that can range from haircuts, hair highlights, hair coloring, extensions, threading, styling and Brazilian blow-outs. This business has everything in place for a potential buyer to be proactively marketing this salon while being fully involved in the day-to-day operations.

Listing ID #000525

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
3FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 1,350 SF retail strip center placed in a popular area that is filled with traffic and near a wealthy mall. All equipment is in impeccable condition and in working order.
Competition:
Lots of competitors are within the immediate market area, but this business has updated their interior decor for a more modern look and has better quality service than the competition.
Growth & Expansion:
No marketing has been done since the establishment of the business, but other proactive marketing methods will help increase the sales of the business.
Financing:
100% down at the time of closing or 50% 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.
Reason for Selling:
Other Opportunities
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Contact the Seller

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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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