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Established Hair Salon In Denton County For Sale

Denton County, Denton County, Texas, US
Asking Price:
$241,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$700,816
Cash Flow:
$102,885

A hair salon is for sale! A well-established hair salon in Denton County is now available for acquisition. First established in 2005 and acquired by the current owners in 2016, this salon offers a comprehensive range of quality services, including women's haircuts, men's haircuts, Brazilian blowouts, perms, coloring, and highlights. Dedicated to excellence, the salon's mission is to cultivate customer loyalty through exceptional service, ensuring each client leaves satisfied.

The talented team of stylists is supported by the owners, who prioritize ongoing education to ensure the stylists are always up-to-date with the latest styles and products. The salon uses products and techniques from a well-known industry brand.

Situated within a 1,800 sq. ft. retail space in Denton County, the salon benefits from its strategic position surrounded by single-family homes, large national retailers, and a commercial gym, which generates substantial foot traffic and enhances visibility. Despite the presence of other hair salons in the area, this salon stands out with its superior talent and competitive pricing, contributing to its reputation for high-quality services.

The salon has evolved from working with transient stylists to building a loyal and dedicated workforce, thanks to the hands-on ownership approach. This loyalty among staff has translated into consistently excellent performance. With the area's growing population, there is currently a high demand for salon services that exceeds the supply, making this a promising investment opportunity for a new owner who can continue to uphold the high standards customers have come to know and expect.

This salon boasts a robust internet presence and effectively leverages social media to its fullest potential. The salon not only highlights its talented stylists but also employs software to offer attractive specials and incentives for both new and returning customers. The stylists, who also serve as salespeople, have cultivated a loyal clientele, some of whom have been with the business for over a decade.

The owners, though not full-time, remain actively involved in the business. They monitor financials daily and work with the bookkeeper weekly for payroll. There is consistent communication with managers daily, with employees, and with the bookkeeper weekly. The managers, who are the top-performing salespeople, are essential to the salon's success but could be replaced if necessary. The other stylists are good employees but could be readily replaced based on their technical skills.

Now in their eighties and ready to retire, the owners seek a qualified buyer to take over this thriving salon. With its prime location in a growing market, a dedicated team of employees, an established customer base, and increasing sales, this business presents an excellent opportunity for a new owner.

Property Information

Real Estate:

Lease

Location:

Situated within a 1,800 sq. ft. retail space in Denton County, the salon benefits from its strategic position surrounded by single-family homes, large national retailers, and a commercial gym, which generates substantial foot traffic and enhances visibility. While there is no room for expansion, rearrangements could free up additional space.

Size in square feet:
1,793 SF

Business Operation

Expansion Potential:

Modify the equipment layout to allow room for more stylists.

Competition / Market:

There are other hair salons in the area, but this salon stands out with its superior talent and competitive pricing, which contribute to its reputation for high-quality services.

Reasons for selling:

Retirement

Employees:
6FT/1PT
Years established:
2005

Other Information

Support & training:

Owners will provide training for an agreed-upon period.

Financing available:

100% cash at closing or 20% cash down with SBA financing is available for qualified buyers.

Furniture / Fixtures value:
$30,000 - included in the asking price
Inventory / Stock value:
$3,000 - included in the asking price
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