MergerPlace

Prime Location Upscale Family Hair Salon

West Plano, Texas (Collin)


  • Asking Price: $65,000
  • Gross Income: $125,000
  • Cash Flow: $35,000
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $30,000
  • Listing ID: #219178
  • Established: 2017
  • Employees: 4FT

Business Description

Office ID: #000952

Upscale family hair salon with experienced staff is available for acquisition. This business was established in 2017 by the previous owner and was acquired by the current owner in February 2019. This business is conveniently located on the intersection of two busy roads in the city next to the salon suites anchored by a movie theater and other retail businesses that bring immense foot traffic to the area. This salon provides all men, women, and children hair related services, including haircuts, perm, color, and highlights as well as facial and partial body waxing. At the moment, very little to no marketing effort is in place other than its website and online booking system. With proactive marketing such as social media outlets, offering discounts to medical staff nearby the hospitals and medical offices, and mailing coupons and flyers to surrounding homes and apartments will be beneficial to acquire new customers from the untapped areas of the city. There are currently two full-time employees on commission and two employees renting the booth and just between the commission employees and the owner, average weekly sales have been approximately $2,000-$2,500 without much proactive marketing effort. Currently, there are 8 available booths, but not all are being utilized. In order to further grow the sales, the buyer can hire additional hairstylists for added income from the commission or from booth rentals. 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: West Plano
County: Collin

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4FT

Financial Information

Asking Price: $65,000
Gross Revenue: $125,000
Cash Flow: $35,000
FF&E: $30,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

This business is located on the intersection of two busy roads in the area in a 900 SF space adjacent to salon suites anchored by a movie theater and other retail businesses, which brings immense foot traffic to the location. All fixtures, furniture, and equipment are in excellent condition and in working order.

Growth & expansion opportunities:

Currently, minimal marketing is in place. All online and social media outlets, as well as direct marketing, need to be fully utilized by offering special packages and promotions. The owner can also hire additional hairstylists to fully utilize unused salon chairs to generate additional rental income and commission. If the buyer is an experienced hairstylist and has their own clients, all revenue generated by themselves will be their income in addition to income from station rentals.

Competition:

There are few other salons and suites in the immediate area, but the staff is highly experienced and the competitors have their own established clients from the previous location.

Reason for selling:

Burned Out

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

V-AID Group

www.v-aidgroup.com