Office ID: #000781
Well established threading and beauty salon with full services placed in the epicenter of a high-income city is available for acquisition. The inception of the business was several years ago in 2012 by the current owner of the business. General population of the local area has many upper-class individuals that live in the surrounding densely populated residential neighborhoods and ample walk-ins due to the numerous retail businesses which brings consistent traffic to the retail strip center. Net sales average was $290,000/year that has been consistent over the last several years of operation, but hasn’t utilized all sources of possible revenue. Marketing is currently done through social media outlets that bring some traffic to this business, but other sources of marketing needs to be utilized to generate more cash flow and allow this business to hit every revenue source. Any business within the beauty industry should expect some competition, but this salon has already established a customer base that is loyal to the salon since the inception of the business and is able to bring new customers with their reasonable price points compared to the competition. There are many ways to proactively market this business such as direct mailing, online booking, focus on specialty services, bundle services and hiring additional staff. Growing the current work force is crucial for this business as the current demand for services exceeds the manpower the business currently has in place. Once the workforce is expanded, there is much room for growth in sales as well as expansion of appointments and walk-in turnover. This business has everything in place for a potential buyer with industry experience to proactively market this business while being fully involved in the day-to-day business operations to grow the sales.
This business is located in a 1,500 SF space of a retail strip center that is surrounded by densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
Some marketing is done through social media outlets, but other proactive marketing tactics needs to be utilized for this business to generate more cash flow.
Few competitors are within the immediate market area, but this business competes by being established for a longer period than the competitors while also providing reasonable price points on their services.
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.