Well Established Family Hair Salon

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Asking Price:
$30,000

Gross Revenue:
$150,000
Cash Flow:
$25,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$20,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Decade long established family hair salon offering a wide range of services is available for acquisition. This business offers all hair services, micro blading facials and skin care, and eye lash extensions, etc. This business was originally established over a decade ago in 2006 by the current owner of the business. Most of the customers are middle-class Middle-Eastern and Hispanic individuals from the numerous office buildings as well as the medical district and the densely populated residential neighborhoods that surround the area. Gross sales beginning of 2017 was $150,000/year due to less owner involvement in the management. Average sales have been consistently $240,000/year when the owner was managing the store properly over the last several years without any marketing except through their website and word of mouth. Although the website is in place to increase exposure, other proactive marketing methods need to be utilized to generate more cash flow and acquire customers from the untapped areas within the city. Thankfully, there are no competitors within the immediate market area of this business that competes in the same industry. There are many ways to proactively market this business such as direct mailing, weekly deals, coupons, flyers, social media outlets, retail products and full-time owner involvement. Having a full-time owner-operator within the business will be extremely beneficial as the owner will help the quality of the operation and cut unnecessary payroll expenses on additional staff and proper management. Utilizing the local area will also help this business grow due to the immense amount of residential areas that can bring new potential customers to this business without any competition. In order for this business to fully reach it financial potential, it is crucial that the owner be fully or even partly involved in the management and back office duties. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Listing ID #000689
For more info, please call Kevin Chung at 1-866-519-2421.

About the Business

Location:
Dallas, Texas
Year Established:
2006
Number of Employees:
2FT/2PT
Facilities:
This business is located in a 2,000 SF retail strip center placed next to a major Indian grocery store and medical district that brings customers from all directions. All equipment is in impeccable condition and in working order.
Market Outlook/
Competition:
There are no competitors within the immediate market area of this business.
Growth & Expansion:
The only marketing done currently is through their website.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Seller Financing:
100% down at the time of closing.

Listing Info

ID:
1538269
Ad Detail Views:
259

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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U.S. Census Data for Collin, Dallas and Denton Counties, TX
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Collin, Dallas and Denton Counties, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

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