Listing Number: 52941-563526
Description
Established in 2011, this award-winning profitable salon relocated in 2020 to its current location -- a very desirable area of Collin County with significant economic development planned to bring many more people to the iconic shopping area. Located in a historical building, the exposed brick and wood flooring enhances the customer experience. An absolute MUST SEE!
Along with the owner, there are 7 other employees including experienced stylists, a receptionist, and an assistant. Stylists are knowledgeable in the latest higher-margin beauty trends in color and the rapidly growing demand for hair extensions. The salon has 9 chairs and 3 wash stations, so an opportunity to add additional stylists. Online booking platform allows clients to book services and manage appointments with their stylists. Social media platforms serve as an effective tool to promote the skills of the salon's stylists in hair color, styles, and trends.
The salon industry has witnessed steady growth over the years, with increasing consumer demand and evolving beauty standards. While specific growth rates may vary across regions, the industry as a whole has shown resilience and expansion. According to market research, the global salon industry has been growing at a compound annual growth rate (CAGR) of approximately 4% to 6% in recent years, and this trend is expected to continue.
Overall, the salon industry is evolving to meet the changing needs and expectations of consumers. With the incorporation of personalized services, wellness elements, digital advancements, sustainability, and specialized offerings, salons are positioned to continue experiencing growth and staying at the forefront of the beauty and personal care industry.
Listing Details
- Price: $375,000
- Down Payment: --
- Sellers Discretionary Earnings: $170,270
- Total Sales: $503,911
- Location: Collin County, Texas
- Inventory: $2,000
- FF&E: $9,000
- Employees: 6
- Reason for Selling: Reduce Workload
- Category: Beauty/Personal Care
