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Listing 16131

Business Type: Hair Salon
Location: Austin
Asking Price: $150,000
Gross Sales: $522,192
Net Income: $79,877
3 Years Average Cash Flow: $69,704
Down Payment: $150,000
Status: Available
Score: 80%
ROI: 53%
Details: After over 3 decades, the owner is still passionate about her calling as a hair dresser and would love to continue in her profession. At the same time she would like to slow down just a bit and give up her responsibilities as a manager. This make it a perfect scenario for a new entrepreneur to take over ownership and as an owner operator, stand to make an excellent return on investment. The Seller is willing to continue working for 4-5 days a week and train the new owner and be a great mentor. The business has consistently grossed over $500k for the past five years so the sales and profits are predictable. The owner operator netted almost $80, 000 last year and the new owner should do the same or better. The book keeping and tax returns are immaculate with verified financials. Besides long term independent contractors, there are 3 full time employees who assist the stylists. Business has 14 stations, shampoo booths, manicure/pedicure, break room and plenty equipment to run the business smoothly and for the stylists to give great service to the clients. The stylists are a hybrid of rental and commission split and work as a team. Great opportunity for an experienced hair dresser/stylist or a newbie as there is ample support and guidance for the qualified candidate to take ownership of this established Hair/Beauty salon.
Agent: Sunil Z. Verma contact at 512-800-7085

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