Longstanding Hair Salon with Real Estate

Not Disclosed, TX
Grayson County


Asking Price: Annual Revenue:
$925,000 $644,252

Services: Hair, Nails, Spas, Tanning


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RE: Longstanding Hair Salon with Real Estate Broker: Darrow Graham

Quick Facts

Asking Price: $925,000
Annual Revenue: $644,252
Net Profit: Not Disclosed
Cash Flow: $110,277
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 4
BBN Listing #: 338152115
Broker Reference #: 69071-924113

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Business Overview:

Longstanding Hair Salon with Real Estate.

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Property Features and Assets:

SBA Lending Pre-Approved. This salon is a running established business that has been in business for over 30 years. We are currently looking for someone to take it to the next level. Our current team is dependable, talented and loyal. Our salon is known for consistency, being friendly and quality work. This North Texas area is on the rise, job growth is estimated to grow a little over 2% in the next year with no signs of slowing down.

Market Competition and Expansion:

There is a significant number of acquisitions of indie beauty brands, at high multiples, by large strategists and private equity groups. It is very expensive to start a beauty salon from scratch with all of the build-out, equipment, impact fees from the county government, not to mention the time it takes from signing the lease, construction. Newcomers to the industry will be out approximately $250,000 from the start. Purchasing a salon that has good equipment, location, technicians and clientele in place will be far more appealing at the end of the first 12 months. Buyers always change the looks in some way that appeals to them whether it is major cleanup or paint and new floors depending on the salon itself. Salons provide the prestige of owning your own business and providing top notch service to clientele while making a very good living. Getting to know the staff and working together every day is like a family away from immediate family. Salons tend to be recession proof and have a loyal and repeat client base- everyone needs a haircut! 20+ Stations with plenty of room for growth. The real estate could be divided into two separate spaces to accommodate the salon and another space for lease. Expanding past hair services-bringing massage, microblading, injections, wigs, etc. Having it be a walk in service rather than appointment business. People like to get a service done when they want not having to schedule time.

Reason for Selling:

Retiring

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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