6001-12520 Strong Cashflow Salon & Men’s Stylist Shop

Undisclosed Address, Texas
Business Opportunity for Sale
Catylist Listing ID: 30148177
Property Subtypes: Hair and Beauty
Building Size (RSF): See Agent
Sale Price: $120,000
Year Business Established: 1999
Gross Revenue: $165,970 (Annual)
Cash Flow: $67,072 (Annual)
Last Updated: 8/1/2017

Overview / Comments

Nice, well established ethnic hair salon for both men and women in the new development of N. Dallas for sale. The seller rents out the salon booths, rooms and Men's stylist spaces to stylist by the week at rates of up to $225 per week. Salon grosses over $14K per month in rent from the stylists. Seller wishes to remain a tenant renting their space from the buyer and running the business from the space as they have for the past 17 years. Seller will even manage the business for the buyer at compensation to be determined. With the seller willing to stay on to manage the business, this could be a great absentee-owned business for the enterprising new owner. Also seller financing available to qualified buyers.

Additional Details

Industry Segment: Beauty Salons and Barber Shops
Reason for Selling: Seller wishes to simplify her life style. Seller wishes to remain a tenant renting her space from the buyer and running her business from the space as she has for the past 17 years.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $65,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Recently updated 4,084 square foot of space in a great location. A major N. Dallas development is right across the street from this business. Long term lease of 4 years remaining with a 5 year option assures access to location and clientele. Seller is currently updating bathrooms in the recently updated space, featuring wood flooring and updated bathrooms.
Employee/Labor Description: 16 FT Monday-Saturday 8am-8pm
Mgmt/Training Support Description: Will train for 4 weeks @ no cost No license required to operate rental business but a stylist license is required if new owner chooses to serve clients.
Growth/Expansion Opportunities: Business is located adjacent to a new development referred to as as Mid Town which promises new retail construction and outlets including shopping, dining and lodging accommodations which are expected to drive additional traffic into the area.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,583 3,043
Median Age: 44.09 40.43
Households: 670 1,228

Contact

Photograph of Listing Agent

Chuck Green

Murphy Commercial Realty
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