Absentee-Owned Successful Salon in Prime Locati...

Austin, TX


Asking Price: Annual Revenue:
$239,000 $395,673

Services: Hair, Nails, Spas, Tanning


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RE: Absentee-Owned Successful Salon in Prime Locati... Broker: Laurel Johnson
License #: 488221
Owner Financing is Available!

Quick Facts

Asking Price: $239,000
Annual Revenue: $395,673
Net Profit: Not Disclosed
Cash Flow: $49,924
Total Debt: Not Disclosed
FF&E: $30,873
Real Estate: Not Disclosed
Year Established: 2001
Employees: 5
BBN Listing #: 581038898
Broker Reference #: AUSTITX001567

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Business Overview:

A profitable, well-run hair salon with a proven, successful absentee-owner business model is for sale in Austin, Texas. It’s in a prized location in one of the nation’s fastest growing cities. Austin, Texas is on a number of ‘most desirable places to live’ lists and continues to grow at the rate of 50 new residents a day. The facility is roomy and space is beautifully utilized with over 30 rentable stations. Due to a great ambiance and teamwork, the stations stay full the great majority of the time with full and part time stylist renters and lower than average turnover. Located in a full retail center with steady drive-by traffic. There is a high density mix of nearby retail, multifamily residential developments and new office buildings, offering a very appealing market of new and existing clients. The current owner has successfully operated this business for over 10 years profitably during that entire time (no direct salon experience necessary to be successful due to proven business model). Now there is a track record of close to 20 years of success at this location! Excellent business for investor owner who wants to work on the business as overseer but not necessarily in the day-to-day operation. More income would be available for an on-hands owner-operator who could take the place of a manager or part-time employee. Current owner is nearing retirement and ready to find the next great owner to keep this wonderful business going, and will negotiate an ample training period to ensure a smooth transition. Contact us today for more information at laj@sunbeltnetwork.com.

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Property Features and Assets:

Real Estate License ID: 488221

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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