Business Overview:
Any reasonable offer considered. Motivated sellers - all cash only. Asset sale.
Cash flow numbers shown above are pre-pandemic to highlight the POTENTIAL for this business, if operated by an attentive, operating owner.
Salon was established nearly 10 years ago and has been at this location since 2013.
Current owners acquired in November 2021, from the previous owner who acquired right before COVID and paid $275k based on then cash-flows. Business is running absentee; and current owners are not finding themselves succesful running absentee. In addition, they are relocating and feel the busiess with be further negatively impacted. Since taking over, new ownership has focused on restaffing and adding services and working on marketing concentration. Now fully staffed, working on building back clientele. The work has began but needs a focused owner/operator.
This location is excellent and has a known history and just needs continued help to recover from the pandemic. For comparison purposes, sales in 2019 were more than $600k, with over $20k in delivered profits per month. Great location near the Galleria, is known to existing repeat clients. Currently NOT breaking even.
Ideal for an owner operator or investment purchase, either should continue to add services and retain reliable employees to return to pre-pandemic earnings, which were an impressive $220k+ per year.
Rebounding from COVID, and will conitnue to do so, with more owner involvement.
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Reason for Selling:
Relocation
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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