Hair Salon in Prime Location with Med Spa

Not Disclosed, TX
Collin County

North Dallas

Asking Price: Annual Revenue:
$200,000 $362,790

Services: Engineering, Architectural Services

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RE: Hair Salon in Prime Location with Med Spa Broker: Stephen Lee

Quick Facts

Asking Price: $200,000
Annual Revenue: $362,790
Net Profit: Not Disclosed
Cash Flow: $62,240
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 4
BBN Listing #: 388819188
Broker Reference #: 000756

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Business Overview:

Unique hair salon placed in the historic area of the high-end city is available for acquisition. This business was originally established by the current owner of the business over a decade ago in 2004. Most of the customers are upper-class individuals commuting back to their residence in the peak traffic hours through the local roads and residents that live in the nearby densely populated residential neighborhoods. Net sales average was $400,000/year that has been consistent over the last several years of operation with online marketing in place and word of mouth. Although the only marketing campaign done is through online marketing, other proactive marketing tactics can be fully exercised to maximize the income potential of this business while growing the current customer base. Competition is usually expected for any business within the beauty industry, but this business has no true competitor within the immediate market area that has the same concept locally. There are many ways to proactively market this business such as direct mailing, first customer special, flyers, bundle deals, social media outlets and full-time owner involvement. An owner-operator will be extremely beneficial to this business as it will bring work quality and customer services up-to-top standard while the owner is delegating tasks. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

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Property Features and Assets:

This business is located in a 998 Square Feet retail strip center placed next to a historic area that brings traffic to the area on a consistent basis. All equipment is in impeccable condition and in working order. / Inventory: $5,000 (Included in listed price).

Market Competition and Expansion:

Competition: There is no true competitor within the immediate market area of this business. Growth and Expansion: Some marketing is done online to grow the business, but other proactive marketing methods needs to be utilized to generate more cash flow.

Reason for Selling:

Other 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.

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