Highly Profitable Salon in Memorial Area

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$75,000 $499,228

Services: Hair, Nails, Spas, Tanning


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RE: Highly Profitable Salon in Memorial Area Broker: Katie Holditch

Quick Facts

Asking Price: $75,000
Annual Revenue: $499,228
Net Profit: Not Disclosed
Cash Flow: $115,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 740844107
Broker Reference #: 76931-868863

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Business Overview:

This well-established and highly profitable salon was opened in 2014. The current owner has a steady and loyal customer base and five commission-based stylists with room for more. There are also two booth renters, one shampoo assistant and a front desk receptionist. The salon is located in a prominent location in the Memorial area, so the accessibility and visibility of the salon are fantastic. Sales in 2021 were $499,228 with an SDE of $115,000. The only reason the business is listed so low is due to the owner’s health. Any buyer could get this salon for approximately 1/3 of what it’s actually worth. It is truly an incredible opportunity. Rent in 2021 was $5,773 for 1500 sq feet. There are eight hair stations, four shampoo stations and three dryer chairs.

When purchasing this business, any new owner would be investing in this established location that still has excellent growth potential. The buyer could be a stylist who is ready to take the exciting step into business ownership or even an investor who wants to cultivate and develop a successful salon business with an established team and incredible revenue. There is currently over $45,000 in retail and back bar inventory, including high end hair color.

This a gorgeous and pristine salon will find a buyer quickly, so don’t sleep on the opportunity.

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:

health

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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