MergerPlace

Strong Cashflow Salon &

Texas (Dallas)


  • Asking Price: $120,000
  • Gross Income: $165,970
  • Cash Flow: $67,072
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $65,000
  • Listing ID: #200946
  • Established: 1999
  • Employees: 16 FT

Business Description

Nice, well established ethnic hair salon for both men and women in the new development of N. Dallas for sale. The seller rents out the salon booths, rooms and Men's stylist spaces to stylist by the week at rates of up to $225 per week. Salon grosses over $14K per month in rent from the stylists. Seller wishes to remain a tenant renting their space from the buyer and running the business from the space as they have for the past 17 years. Seller will even manage the business for the buyer at compensation to be determined. With the seller willing to stay on to manage the business, this could be a great absentee-owned business for the enterprising new owner. Also seller financing available to qualified buyers.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Texas
County: Dallas

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 16 FT

Financial Information

Asking Price: $120,000
Gross Revenue: $165,970
Cash Flow: $67,072
FF&E: $65,000
Seller Financing Available: No

Property Information

Facilities:

Recently updated 4,084 square foot of space in a great location. A major N. Dallas development is right across the street from this business. Long term lease of 4 years remaining with a 5 year option assures access to location and clientele. Seller is currently updating bathrooms in the recently updated space, featuring wood flooring and updated bathrooms.

Growth & expansion opportunities:

Business is located adjacent to a new development referred to as as Mid Town which promises new retail construction and outlets including shopping, dining and lodging accommodations which are expected to drive additional traffic into the area.

Reason for selling:

Seller wishes to simplify her life style. Seller wishes to remain a tenant renting her space from the buyer and running her business from the space as she has for the past 17 years.

Support & Training:

Will train for 4 weeks @ no cost No license required to operate rental business but a stylist license is required if new owner chooses to serve clients.

Contact Business Seller

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Business Listed By:

Richard Gadberry

Murphy Business Brokers