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Business Listed by

Sunbelt Austin

Contact: Laurel Johnson
Office Phone: 512-349-7100
Mobile Phone:
Listing ID: AUSTITX001567

Absentee-Owned Successful Salon in Prime Location for sale in Austin, Texas

Financial Information

  • Asking Price: $239,000
  • Gross Revenue: $395,673
  • Cash Flow: $49,924
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $30,873
  • Inventory: $12,000
  • Financing: Yes

Business Location

  • Austin
  • Texas
Primary Business Category: Beauty Salons

A profitable, well-run hair salon with a proven, successful absentee-owner business model is for sale in Austin, Texas. It's in a prized location in one of the nation's fastest growing cities. Austin, Texas is on a number of 'most desirable places to live' lists and continues to grow at the rate of 50 new residents a day. The facility is roomy and space is beautifully utilized with over 30 rentable stations. Due to a great ambiance and teamwork, the stations stay full the great majority of the time with full and part time stylist renters and lower than average turnover. Located in a full retail center with steady drive-by traffic. There is a high density mix of nearby retail, multifamily residential developments and new office buildings, offering a very appealing market of new and existing clients. The current owner has successfully operated this business for over 10 years profitably during that entire time (no direct salon experience necessary to be successful due to proven business model). Now there is a track record of close to 20 years of success at this location! Excellent business for investor owner who wants to work on the business as overseer but not necessarily in the day-to-day operation. More income would be available for an on-hands owner-operator who could take the place of a manager or part-time employee. Current owner is nearing retirement and ready to find the next great owner to keep this wonderful business going, and will negotiate an ample training period to ensure a smooth transition. Contact us today for more information at [email protected]


Competition Description

Competition is typical, although few salons of this size in the area


Growth / Expansion overview

Offer additional services, more retail products


Support / Training Comments

Owner will negotiate ample training and transition agreement for new owner


Financing Comments

A small amount of seller financing may be available to well qualified buyer


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 2001
  • Franchise: No
  • Year Acquired: 2005
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Real Estate Asking: N/A
  • Days Open: Monday-Saturday
  • Hours Open: Mon-Fr 9am-9pm; Sat 9am-7pm
  • Fulltime Employees: 1
  • Part time Employees: 4
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $7,034
  • Building Size: 2,475 sq ft
  • Seats:
  • Parking: Ample
  • Monthly Rent: $8,965
  • Lease Expires: 02/29/2020

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