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Health & Personal Care

Salon Suites Business for Sale in North Texas 001519

Texas, USA
Updated 8 hours ago
Established 2013

Salon suites business for sale! The 1st location was founded in early 2010’s and each additional location was established every 1 to 2 year afterwards. The business model involves leasing individual salon suite to independent beauty professionals, including hairdressers, estheticians, barbers, nail techs, massage therapists and other service providers. Each location features roughly 40 suites or more, with occupancy rates roughly 95%, demonstrating high demand and a stable tenant base. The owner manages one of the locations and the other 4 locations are managed by a manager with the owner overseeing the managers. The business generates steady revenue through regular rent increases and has room for further growth. Current marketing efforts include websites for each location, social media presence, and advertising on platforms such as SEO, Facebook etc. The brand is well recognized, and most tenants apply from word of mouth. While the business benefits from a solid stream of tenants, there is potential for further marketing expansion to attract additional prospects. The owner is actively involved in the business, managing one of the locations, working 15 to 20 hours a week roughly, managing financials, lease negotiation, and overseeing employees, while day-to-day operations at each location are handled by staff. This efficient management structure has helped the business maintain consistent profitability. This opportunity is ideal for buyers seeking a proven, profitable business with room for growth in a thriving market.

Employees

3PT

Franchise

No

Inventory

$5,000 (Included in listed price)

Listing Id

001519

Competition

There are competitors but these salon suites attract seasoned stylists in the industry who are successful and prefer a certain work environment and atmosphere which suits their style and clients needs.

Real Estate

No

Down Payment

$2,520,000

Absentee Owner

No

Financing/terms

100% cash at closing or Financing with 40% cash down.

Potential Growth

The business generates steady revenue through regular rent increases and has room for further growth.

Training & Support

Seller is willing to stay on board for an agreed amount of time for a smooth transition.

Facilities Information

Each location is located in highly desirable locations with high foot traffic surrounded by affluent demographics.

Relocatable/home-based

No

Reason for Selling

Retirement

Financials

Asking Price
$6.3M
RevenueMost Recent Year
$3.3M
Earnings (SDE)Last Reported
$1.2M
Assets Value
Undisclosed
Seller Financing
Not available

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