Business Overview

Here is your opportunity to acquire a highly rated and reviewed hair salon located in a desirable and fast-growing suburb of Austin with a six-figure income for an owner-operator. The salon is known for its excellent hair services and quality products and is conveniently located in a well-trafficked shopping center anchored by a major tenant.

The turnkey hair salon has two stylists in place, established systems and procedures, a nicely designed website, top online search results (SEO), and an active social media presence. This is an excellent opportunity for a hairstylist who wishes to own their own salon or an investor looking to manage and grow the business. The business is well run with plenty of upside opportunities for someone looking to grow the business.

$99,000 asking price with seller financing, available on a case-by-case basis.

Contact us now through the ad or by contacting the broker directly at jason@truview business.com or calling (713) 714-7516 to obtain the link for the electronic confidentiality agreement and buyer registration. Upon completion of these forms, we will send you detailed information about the business for sale.

Financial

  • Asking Price: $49,000
  • Cash Flow: $125,437
  • Gross Revenue: $293,625
  • EBITDA: N/A
  • FF&E: $15,000
  • Inventory: $7,500
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,315
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Multi-tenant shopping center with major anchor and retailers. Conveniently located and near major highways and large employers.

Is Support & Training Included:

The current owner is offering training and support during the transition period.

Purpose For Selling:

Retirement

Pros and Cons:

Contact us to receive a Confidential Business Opportunity Report which will highlight the competition and strengths and weaknesses of the business.

Opportunities and Growth:

There are many opportunities to grow the business including adding more stylist, investing in digital tools designed specifically for salons, and increasing marketing.

Additional Info

The sale won't include inventory valued at $7,500*, which ins't included in the listing price.

The business has 1 employees and resides in a building with approx. square footage of 1,315 sq ft.
The real estate is leased by the company for $3,387 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. Nonetheless, the true factor vs the one they say to you may be 2 entirely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of various other reasons. This is why it is very crucial that you not count totally on a vendor's word, yet instead, use the seller's solution together with your general due diligence. This will paint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new consumers? Many times, companies have repeat consumers, which create the core of their daily revenues. Particular aspects such as brand-new competition growing up around the location, roadway building, as well as staff turn over can affect repeat clients and adversely affect future incomes. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the better the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local median family earnings influence future income potential?