NOT DISCLOSED, Texas
| Asking Price |
$750,000 |
Year Established |
2020 |
|
| Annual Revenue |
$602,412 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Joseph Kim |
|
| Annual Cash Flow |
$223,502 |
Listing Number |
1012133 |
|
| # of Employees |
1 |
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
Salon suites business for sale! The business was established in 2020. The business model involves leasing individual salon suite to independent beauty professionals, including hairdressers, estheticians, barbers, nail techs, massage therapists and other service providers. Each location features roughly 40 suites, with high occupancy rates, demonstrating high demand and a stable cash flow.
The business is situated in a 10,000 sq ft and located in a highly desirable area in the DFW Metroplex.
Current marketing efforts include websites for each location, social media presence, and advertising on platforms such as SEO, Facebook etc. The brand is well recognized, and most tenants apply from word of mouth. While the business benefits from a solid stream of tenants, there is potential for further marketing expansion to attract additional prospects.
The owner is partially involved in the business, working 15 to 20 hours a week roughly, managing financials, lease negotiation, and overseeing employees, while day-to-day operations at each location are handled by staff. This efficient management structure has helped the business maintain consistent profitability.
This opportunity is ideal for buyers seeking a proven, profitable business with room for growth in a thriving market.
Property Features and Assets:
<p>The business occupies approximately 10,000 square feet and features roughly 40 salon suites designed for independent beauty and wellness professionals. / Inventory: $750 (Included in listed price).<br></p>
Market Competition and Expansion:
<p>Competition: While there is competition in the market, these businesses attract established beauty professionals who value the unique environment, atmosphere, and level of professionalism offered by the salon suites. / Growth and Expansion: Growth opportunities include increasing rental rates as leases renew, improving online marketing efforts, attracting additional beauty and wellness professionals, and maximizing occupancy.<br><br><br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity