Charming, well established salon in a rapidly growing area along 1-35 in Burleson, Texas. The owner has done a marvelous job of building a large, loyal clientele by creating an inviting, friendly atmosphere. This beautiful facility is located in a very popular outdoor mall. It offers a full range of services, including hair styling, massage and skin care. Included in the sale is a boutique that sells clothing and jewelry.
| Listing No: MBFS-600705475 | *Lender Pre-Qualified* |
| | |
| Category | : | Beauty/Personal Care | SIC | : | 7231 | |
| Detail | : | Hair Salon | Price | : | 165,000 | |
| County | : | Tarrant | Down | : | 165,000 | |
| State/Prov | : | Texas | Adj Net | : | 77,000 | |
| Country | : | USA | Sales | : | 207,200 | |
| Reason for Sale | : | Owner wants to devote full time to hairstyling practice |
| General Location | : | Burleson |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| | : | Years Established: 2 Years Owned: 2 Emp FT: 1 Emp PT: 0 Mgrs: 0 |
| Non Compete | : | Miles: 50 Years: 5 Weeks Training: 4 Cost: 0 |
| Operating dys/hrs | : | Monday 10am-5pm; Tues-Fri 9am-6pm |
| Skills/Licenses | : | Management |
| Business is | : | Relocatable: Y Home Based: N Franchise: N Lender P/Q: Y |
A Dozen Due Diligence issues with Beauty Salons for Sale in Texas
In addition to financial matters, a buyer interested in a Beauty Salon for sale in Texas should consider discussing many of the following issues with the salon owner or their business broker:
How successful has the beauty salon been raising prices?
This will depend heavily on demographics and economic times.
What is employee turn-over?
Relatively low pay make this a problem. Hair care salon stylists often take loyal clients with them to different nearby locations.
Has DIY hurt business?
More Do It Yourself products are appearing all the time.
Is there an appeal to a special demographic?
Beauty salons may have certain services and decor to appeal to a particular market segment.
Has there been an increase in area competition?
As more workers go to industry training, competition increases.
What do you consider when buying inventory?
Specialty product sales are a vital part of margins.
Has there been a trend to less expensive services?
Personal care services are "recession resistant"; however, may consumers who are still customers are choosing less expensive products and services.
What are the best selling services and products?
There should be a close relationship between this and customer demographics.
How ares the salon stations maintained?
Are they fully rented or occupied by employees?
What is the advertising and promotion budget?
Are there other creative marketing methods being employed?
Are there additional locations?
Expansion is generally by adding additional locations and not increasing salon size.
How much business is walk-in as opposed to appointments?
Hair care salons that can fill-up with appointments have a much higher margin.
Resources for Texas Beauty Salons for sale
The Salon Association
How to Conduct Market Research (SBA)
Frequent Questions about Texas Sales Tax
Confidentiality Policy
As business brokers, we protect the identities of the businesses, the business owners and prospective buyers until we receive completed, signed Confidentiality Agreements and personal or corporate financial statements providing proof of the buyer’s financial competence to meet the down payment. We understand that the sale and purchase of businesses must be held in the strictest confidence to give the involved principals the opportunity to advise employees, customers and others of the transfer when they feel the time is appropriate
For additional information contact Bob Fariss
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