Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Established Upscale Salon Suite In Denton County For Sale

Denton County, Texas, US
Asking Price:
$795,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$435,000 (USD)
Cash Flow:
$129,000 (USD)

Well-established upscale salon suite in a fast-growing city of DFW is now available for acquisition. The salon suite was established in 2013 by the current owner. The business is located in a 7,550 SF space of a retail center anchored by multiple national retailers in the hub of a strong retail zone of this city surrounded by a full of national retail stores, numerous businesses, and fast-food restaurants, which creates tremendous foot traffic. Over 40 salons independently owned by experienced salon professionals are currently occupied in this luxurious salon suite and the individual salons are providing a variety of exceptional services ranging from hair, makeup, nail, massage, barbers and etc. to their customers consisting of middle to high-income women in all age groups that have come for several years to this business through good customer relations. Competition can be expected in this business industry, but this is one of the largest salon suites within the immediate market area which has more than 40 suites that feature state-of-the-art build-outs with an elegant interior. Gross revenue of this salon suite are running at around $430-435K/year, most of which is generated from suite rental fees. Currently, some marketing is in place for customers of this salon suite, but proactive marketing toward prospective tenants is needed to be fully utilized to acquire new tenants or achieve maximum income potential. The occupancy rate of this salon suite is currently at little above 90%, and filling the remaining suites by utilizing marketing methods targeted to salon professionals will instantaneously increase the revenue. A constant rental increase from the current tenants based on inflation rate is another avenue to maximize revenues from existing income source, and building up a waiting list for potential tenants is a good way to maintain the high occupancy rates. This is a great opportunity to acquire a luxurious salon suite for a potential buyer who is willing to be more hands-on in the day-to-day operation and proactive marketing to reach out to untapped demographic of this market area.

Property Information

Real Estate:

Lease

Location:

This business is occupied in a 7,550 SF space of a retail strip center located next to one of the busiest roads of this city with heavy foot traffic. The business has been gorgeously built to give a luxurious atmosphere while also providing high-quality services that match the business concept. The salon suite has a capacity that can accommodate more than 40 individual salon suites.

Size in square feet:
7,550 SF

Business Operation

Expansion Potential:

Some marketing is in place through its website and a word of mouth, but more proactive marketing methods will be needed in order to create more exposure and reach its full financial potential. Targeted marketing to potential tenants is the key to grow further growth of the business.

Competition / Market:

There are few small-size salon suites around, but this business is one of the largest salon suites in the immediate market area providing a variety of high-quality services to many customers with state-of-the-art build-out which has more than 40 suites.

Reasons for selling:

Focusing more on full-time corporate position

Employees:
2PT
Years established:
2013

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible. Franchise Corporate will also provide comprehensive training.

Financing available:

100% down at the time of closing or 15-20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.

Furniture / Fixtures value:
$125,000 (USD) - included in the asking price

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to V-AID Group. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here