Office ID: #000593
Well established beauty supply store with variety of brand name products exclusive to this business is available for acquisition. This business was originally established over a decade ago in 2004 by the current owner of the business. Most of the customers are low to middle-class African American individuals that lives in the surrounding densely populated residential neighborhoods and many retail businesses that bring consistent foot traffic to the area. Net sales average was $680,000 year that has been generated without any marketing done within the local area of this business. Utilization of traditional marketing and online marketing is crucial if this business is to further grow their sales and acquire customers from the untapped areas nearby this shopping center. There are many ways to proactively market this business such as direct mailing, social media outlets, business website, online orders, promotions, sampling and door hanger coupons. Additional owner involvement is crucial for this business growing in cash flow as a full-time owner-operator will cut unnecessary payroll expenses and create a more efficient work environment for the employees. Competition can be expected for the beauty supply industry, but this business has various exclusive contracts with several top vendors for high quality beauty products. This turn-key business has everything in place for a potential buyer to proactively market this business while being fully involved in the daily operations.
This business is located in a 4,712 SF retail strip center that is optimally placed next to numerous residential areas and apartment complexes.
No marketing is currently done to promote this business, but other proactive marketing methods needs to be fully utilized to generate more cash flow and acquire new customers.
Few competitors are within the immediate market area, but this business has exclusivity with several brand name products that other competitors lacks and the numerous vendors that are within the top 5 national vendors that supplies for this business.
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.