Owner-Absentee Hair Salon in Fort Worth

Not Disclosed, TX
Tarrant County

North Fort Worth


Asking Price: Annual Revenue:
$159,000 $418,666

Services: Engineering, Architectural Services


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RE: Owner-Absentee Hair Salon in Fort Worth Broker: Moon Kim
License #: 567204

Quick Facts

Asking Price: $159,000
Annual Revenue: $418,666
Net Profit: Not Disclosed
Cash Flow: $39,284
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 13
BBN Listing #: 375219188
Broker Reference #: 001193

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Business Overview:

Owner absentee, a high-end hair salon in a prime location, is available for acquisition. This hair salon was once a nationally recognized chain and was de-franchised when acquired by the current owner in 2019. The current owner acquired this salon as an investor and has invested many resources in turning this business around since its acquisition, including remodeling, rebranding, marketing, new talented staff, new equipment, etc. This hair salon offers various services and products such as haircuts, waxing, coloring, and beauty products with a talented team with eight years of experience. This business has a great system in place where customers can schedule appointments on the salon's website with the choosing of their stylists and a time frame that is suitable for the stylist and the customer. This salon is very profitable as all stylists are commission-based, and the products they sell have huge markups. A buyer with experience in the industry can increase revenue and profitability by choosing to be a stylist or hire more talent to attract more clientele and add more beauty products and services such as massage, skincare, and beauty products that cater to the clientele. Hiring additional stylists with great experience will also increase revenue as they can up-sell and cross-sell different services and products to increase overall spending per client. An experienced stylist in this industry can earn $50,000 to $60,000 a year after splitting fifty percent with the business; hiring talented and experienced stylists will be vital to growing this business. Currently, there is some marketing, mainly from social media such as Facebook and Instagram, but promotions can help acquire new clientele from untapped markets nearby. This is an excellent opportunity for a buyer looking for a business operating as an owner absentee or someone with experience in the industry to acquire a scalable business.

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Property Features and Assets:

Newly remodeled. / Inventory: $15,000 (Included in listed price).

Market Competition and Expansion:

Competition: Competition is expected in this industry, but this salon is located in a prime location and caters to a higher-end clientele. This business has exceptional stylists and a manager with a great system in place to set itself apart from other competitors. Growth and Expansion: Adding more services like skin care or massage, adding more beauty products, and adding more talent. Training the newer staff to cross sales and up sales leads to more revenue per customer.

Reason for Selling:

Other Business Opportunities.

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.

Documents:

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