Salon with Great Sales and Growth Potential

Cypress, TX
Harris County


Asking Price: Annual Revenue:
$70,000 $116,773

Services: Hair, Nails, Spas, Tanning


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RE: Salon with Great Sales and Growth Potential Broker: Katie Holditch
Owner Financing is Available!
$25,000.00

Quick Facts

Asking Price: $70,000
Annual Revenue: $116,773
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 4
BBN Listing #: 508844107
Broker Reference #: 76931-107437

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Business Overview:

Established Salon with Great Sales and Growth Potential--REDUCED

This well-established salon was purchased in 2010 by the seller, who is a licensed stylist. The current owner has a steady and loyal customer base and three commission-based stylists with room for at least two more. The salon is located in a prominent, large and busy commercial strip center, so the accessibility and visibility of the salon are fantastic. When purchasing this business, the buyer would be investing in location and significant growth potential. The buyer could be a stylist who is ready to take the exciting step into business ownership or possibly the buyer might not be a stylist but is an individual who wants to cultivate and develop a successful salon business with 6+ commission-based stylists. The new owner could decide to lease/rent out half or all of the chairs and therefore wouldn’t have W2 employees but contractors. There is a wide variety of potential scenarios and revenue streams.
This a gorgeous and pristine salon, and any potential buyer could invest in marketing and hiring to see the revenue increase by 3 to 5 times depending on how many other stylists the buyer chooses to hire as
either commission-based employees or stylists who rent a chair. There is currently no need for management but any buyer could hire part-time management, a receptionist or two OR just use an AI system for booking appointments and therefore eliminate the payroll cost of front desk help. The salon is ripe for updating in regards to marketing, online booking and/or adding services and retail products.

This business was established in 2010 and has been at the same location for 11+ years with the same owner over that period of time. Per choice, the owner currently works full-time providing haircuts,
extensions, specialty hair services and custom hair color. There are currently three stylists on staff who are paid via 50/50 commission, two part-time and one full-time. Any new owner could and should add at least 3-4 stylists in order to double or even triple current revenue.
Historically, the day-to-day operations of the business are not complicated and the salon can easily be run by one person at a time. There is no immediate need for full time management or reception, but
the salon is ripe for updating in regards to marketing, online booking and/or adding services, like a full time esthetician in an already established and dedicated space in the back of the salon.

Any potential buyer could invest in marketing (Google Ads, Facebook, Instagram, etc.) and add a variety of products for retail sale to see the revenue increase by two or three times depending on how many additional stylists the buyer chooses to hire as either commission-based employees or stylists who rent a chair. As an example, a $5 increase on 300 services a month adds $18,000 annually to the bottom line.
Potential Sources of Sales and Revenue Growth Include:
• Adding 3-4 stylists, possibly including an esthetician
• Retail product sales
• Price increases—even minimal increases can generate additional thousands in revenue
• Membership-based options to generate guaranteed monthly revenue in exchange for a set
number of services per month
• Growing the hair color and extension portion of the business
• Adding waxing and/or threading
• Investing in marketing—Google Ads, Facebook, Instagram, etc.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

Relevant Links:

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