MergerPlace

Family Run Beauty Salon with Rooms for R

East Fort Worth, Texas (Tarrant)


  • Asking Price: $89,000
  • Gross Income: $168,000
  • Cash Flow: $45,000
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $60,000
  • Listing ID: #219504
  • Established: 2015
  • Employees: 1FT

Business Description

Office ID: #000958

Well-established family hair salon placed in a prime location in West Fort Worth is now available for acquisition. This business was established in late 2015 by the current owner of the business. This business is in a 1,752 SF space of a retail strip center located next to major highway of a city with heavy traffic and retail chains surrounded by densely populated residential area that attract a number of people to the area. Most of the customers are middle-class individuals and a well mix of all ethnic groups that are from the surrounding densely populated residential neighborhoods. There are few competitors within the immediate market area, but this business has their own demographics and customers through its superior service and affordable price point. Net sales average was $40,000/year that has been consistent over the last several years without any marketing. Although no single marketing have been done except thru a word of mouth over the years, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers. There are many ways to proactively market this business such as direct mailing, social media outlets, website, family bundles, retail products, room rental, expanding services and creating online booking service. In order to further grow the sales, the buyer can hire additional hairstylists for added income from the commission or from booth rentals. Various products and services are provided at this business that can range from haircuts, hair coloring, highlighting, perm, updo, lip waxing, eyebrow waxing, underarm waxing, facial, eyelash extensions and individual false eyelashes. This will be a great opportunity for a hands-on owner who can dedicate full time as a hairstylist or on marketing; there is a lot of potential to reach its full financial potential.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Texas
Metropolitan Area: East Fort Worth
County: Tarrant

Company Information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1FT

Financial Information

Asking Price: $89,000
Gross Revenue: $168,000
Cash Flow: $45,000
FF&E: $60,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

The business is located in a 1,752 SF space of a retail strip center surrounded by retail businesses and franchise food businesses that drive traffic to this area.

Growth & expansion opportunities:

No marketing is in place at the present time.

Competition:

Few competitors are within the immediate market area, but this business has their own established customers and is surrounded by many retail businesses.

Reason for selling:

Burnt out

Support & Training:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.

Contact Business Seller

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Business Listed By:

V-AID Group

www.v-aidgroup.com