Business For Sale

2-Location Well Established Family Beauty Salon

Not Disclosed, TX
Dallas County

West and South Dallas


Asking Price: Annual Revenue:
$65,000 $335,000

Services: Engineering, Architectural Services


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RE: 2-Location Well Established Family Beauty Salon Broker: Kevin Chung

Quick Facts

Asking Price: $65,000
Annual Revenue: $335,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 8
BBN Listing #: 830019188
Broker Reference #: 000690

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Business Overview:

Two-location family hair salon offering a wide range of services in high-population cities is available for acquisition. The main location was originally established over several decades ago in 1998 and the second location in 2006 by the current owner of the businesses. Most of the customers at each respective location are a well-mix of demographics of middle-class income that live in the surrounding densely populated residential neighborhoods and foot traffic from the numerous nationwide retailers as well as grocery stores. Gross sales for the last year for combined locations is $335,000/year without any marketing done except through their website and word of mouth. When the owner was more involved in managing both stores, the gross sales had been close to $450,000. Although marketing in place through word of mouth and their website, other proactive marketing tactics should be utilized in each location to grow the cash flow of the business and acquire new regulars from the untapped areas within the city. Thankfully, no competitor is within the immediate market area of both businesses. There are many ways to proactively market these businesses such as direct mailing, weekly deals, coupons, flyers, social media outlets, retail products and full-time owner involvement. Having a full-time owner-operator within the business will be extremely beneficial as the owner will help the quality of the operation and minimize financial loss incurred by the employees. Utilizing the local area will also help these businesses grow due to the immense amount of residential areas that can bring new potential customers to both businesses without any competition. This two-location salon business has everything in place for a potential buyer to proactively market these businesses while being fully involved in the day-to-day business operations.

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Property Features and Assets:

Both businesses are located in a 2,000 Square Feet space with the main location in an enclosed mall and the second location in a retail strip center. All equipment is in impeccable condition and in working order. Brand new chairs and stations were put in 6 months ago and self-check in kiosk is in place for customers' convenience. / Inventory: $2,000 (Included in listed price).

Market Competition and Expansion:

Competition: There are no competitors within the immediate market area of each respective business location. / Growth and Expansion: The only marketing done currently is through their website.

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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