MergerPlace

Upscale Beauty Salon In Prime Location

North Dallas, Texas (Dallas)


  • Asking Price: $329,000
  • Gross Income: $550,000
  • Cash Flow: $160,000
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $150,000
  • Listing ID: #220225
  • Established: 2008
  • Employees: 7FT/3PT

Business Description

Office ID: #000985

Upscale luxury beauty salon owned and operated by an owner of over 40 years of experience is available for acquisition. This business was originally established by the current owner of the business over a decade ago in 2008. Most of the customers are loyal customers consisting of women of all age groups that have come for several years to this business through good customer relations. Being placed in mixed use development facility helps drive traffic to this business as the two major highways always showcase the business. Gross sales average is around $550,000/year that has been consistent over the last several years with minimal marketing in place other than their website and word of mouth. Although some marketing is in place to help generate new leads, other proactive marketing methods needs to be utilized for this business to truly maximize income potential and gain new customers. Competition can be expected for this business industry, but this business is the only high-end beauty salon that provides a wide array of services while other salons in the area only have few services that are average at best. There are many ways to proactively market this business such as direct mailing, promotions to apartment complex, social media outlets, more retail products, expanding operation hours and online booking feature for their website. Allowing for easy access to make appointments will help drive the customers to visit more often and provide ease of access for scheduling all booking for the operation. This business has done everything right to make this a success and is ready for a potential buyer to proactively market this business while maintaining the day-to-day operations.


Business Details

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

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7FT/3PT

Financial Information

Asking Price: $329,000
Gross Revenue: $550,000
Cash Flow: $160,000
FF&E: $150,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

This business is located in a 1,500 SF space of a mixed-use development facility in North Dallas that houses many residents and is placed next to two major highways that bring immense traffic.

Growth & expansion opportunities:

Some marketing is in place from their website traffic and by word of mouth, but more proactive marketing methods being utilized will help this business tremendously.

Competition:

Few competitors are within the immediate market area, but this business is a high-end beauty salon whereas the competitors are run-of-the-mill beauty salons that provide sub-par to average services.

Reason for selling:

Retirement

Support & Training:

The owner of the business will provide sufficient training needed to smoothly transition into the business operation.

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Business Listed By:

V-AID Group

www.v-aidgroup.com