Business Overview

Fantastic Opportunity – High volume salon located in an historic area of Collin County is being listed for sale. The salon is well appointed in a vibrant community with a seasoned staff who ensures that each customer has the best experience as evidenced by their loyal following. The owner had remodeled the salon when she purchased the salon in 2016 and is ready to simplify her life by working less. The revenue and profits have been restated so that one can understand the salon’s performance without this owner’s revenue & associated expense(compensation) in the Profit & Loss Statement. For more details, please submit a submission of interest through the website you are viewing this opportunity or contact jeffg@vrdallas.com.

Financial

  • Asking Price: $235,000
  • Cash Flow: $72,693
  • Gross Revenue: $581,459
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Historic salon that has been refreshed on an ongoing basis

Is Support & Training Included:

1 week

Purpose For Selling:

Owner wants to simplify her life

Pros and Cons:

There is certainly competition, but most do not come near the popularity of this one.

Opportunities and Growth:

Investment in to marketing the salon as well as adding hours could deliver more revenue

Additional Info

The venture was founded in 2008, making the business 14 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell businesses. However, the true reason vs the one they say to you might be 2 entirely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or a variety of various other reasons. This is why it is very crucial that you not rely totally on a seller's word, however instead, use the seller's response in conjunction with your overall due diligence. This will repaint a more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in new clients? Often times, operating businesses have repeat clients, which form the core of their daily earnings. Specific elements such as brand-new competition sprouting up around the area, road building, and employee turn over can affect repeat customers and also adversely influence future revenues. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the opportunity to build a returning client base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the local average house earnings effect future income potential?