Listing Number: 76931-407000
Description
This successful and profitable salon in Meyerland is in the heart of an affluent area and has so much additional potential. The current owner is a master stylist and has built a beautiful salon that saw revenues just under $300,000 in 2022. This popular salon has been open for three years and the current owner pays $2,761/month for 1,800 sq feet. The trendy aesthetic and convenient location bring in ample clientele (upwards of 10 to 12 walk-ins come by each week), and with nine stations available, this salon is perfect for a current salon owner looking to expand and update or a stylist who’s ready to start a career as a business owner. Total revenue in 2023 was $329,544 with an SDE of $101,858. The asking price is less than a 1X multiple of the 23 SDE and an incredible opportunity for a buyer.
Any buyer could lease the chairs or bring on commission-based stylists. The salon currently has an incredible 5- star rating on Google. The owner also developed a membership program with three different levels, so as the memberships grow, the recurring revenue does as well. There are two massage/esthetician rooms that are ready to be leased out or staffed with commission-based estheticians, lash stylists or similar.
Listing Details
- Price: $ 90,000
- Down Payment: $90,000
- Sellers Discretionary Earnings: $ 101,858
- Total Sales: $ 329,544
- Location: Harris County, Texas
- Inventory: $ 2,000
- FF&E: $ 65,000
- Employees: 3
- Year Established: 2019
- Reason for Selling: New opportunity
- Category: Beauty/Personal Care
Business Listed By:
- Katie Holditch, CBI
- Phone: (713) 377-3189
- Email: [email protected]
