Absentee-Owned Successful Salon in Prime Location for sale in Austin,

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Asking Price:
$239,000

Gross Revenue:
$395,673
Cash Flow:
$49,924
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$12,000
included in asking price

FF&E:
$30,873
included in asking price

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Business Description

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A profitable, well-run hair salon with a proven, successful absentee-owner business model is for sale in Austin, Texas. It’s in a prized location in one of the nation’s fastest growing cities. Austin, Texas is on a number of ‘most desirable places to live’ lists and continues to grow at the rate of 50 new residents a day. The facility is roomy and space is beautifully utilized with over 30 rentable stations. Due to a great ambiance and teamwork, the stations stay full the great majority of the time with full and part time stylist renters and lower than average turnover. Located in a full retail center with steady drive-by traffic. There is a high density mix of nearby retail, multifamily residential developments and new office buildings, offering a very appealing market of new and existing clients. The current owner has successfully operated this business for over 10 years profitably during that entire time (no direct salon experience necessary to be successful due to proven business model). Now there is a track record of close to 20 years of success at this location! Excellent business for investor owner who wants to work on the business as overseer but not necessarily in the day-to-day operation. More income would be available for an on-hands owner-operator who could take the place of a manager or part-time employee. Current owner is nearing retirement and ready to find the next great owner to keep this wonderful business going, and will negotiate an ample training period to ensure a smooth transition.

About the Business

Location:
Austin, Texas
Year Established:
2001
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
2,475
Rent:
$8,965.00 Per Month
Lease Expiration:
2/28/2020
Facilities:
The business is located in leased space in an established retail center with excellent visibility and steady drive-by traffic
Market Outlook/
Competition:
Competition is typical, although few salons of this size in the area
Growth & Expansion:
Add more retail, add services, duplicate the successful business model and salon concept in a second location
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The owner will negotiate a mutually agreeable training and transition agreement for new owner. Salon experience not require.
Seller Financing:
A small amount of owner financing may be available to well qualified buyer

Listing Info

ID:
1606321
Ad Detail Views:
0

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Business Listed by

Michael Saldutte

Sunbelt Business Brokers

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