Listing Number: 76931-970440
UPDATE: Price dropped from $150k to $110k! Some time during the last quarter of 2020, a big name anchor store will be opening in the same complex as this salon which should drive more business to the salon!
Located in an affluent area of Houston, Upper Kirby, this hair salon is priced to sell! Owner is relocating so needs to sell.
The salon has been established for 9 years and was successful from the beginning. The owner has creatively capitalized on a specific concept which continuously attracts new clients and maintains returning clients. This concept has major franchise potential for those who are looking to invest in an already successful business that has even greater potential for growth.
Another key to the owner’s success was making sure they took care of each customer by educating every client, and making sure they set realistic expectations based on the clients desires. This simple philosophy gained their client’s trust and created many repeat clients over the years.
The list price has dropped to $110,000.00 which includes over $45,000 of FF&E and over $25,000 of inventory. Per the financials provided by the seller, sales for the past three years have been over $380,000 annually. The seller’s discretionary earnings for the past three years have been well over $100,000.
Owner is selling to relocate and will be staying back for a minimum of two weeks to facilitate transition and provide training. Owner wishes to continue working with the new owners past the initial 2 weeks up until the time they are able to relocate especially in the event of any delays in their relocation efforts.
This is a great opportunity for the new business owner who wishes to come in to be a full time stylist or even part time stylist in the business. This salon is fully staffed where the new owner has many options of how involved they would want to be. A new buyer has the option of coming in and just taking on the management role only, if desired!
A rare opportunity with a prime location. Serious inquiries only.
Contact us for more details.
- Price: $110,000
- Down Payment: $110,000
- Sellers Discretionary Earnings: $135,578
- Total Sales: $381,404
- Location: Harris County, Texas
- Inventory: $27,225
- FF&E: $45,994
- Employees: 9
- Year Established: 2011
- Reason for Selling: Relocating
- Category: Beauty/Personal Care