FIRESALE! Luxury Hair Salon in Upscale Neighborhood of North Dallas!

This luxury hair salon provides a unique experience to its clients in the posh and upscale neighborhood of north Dallas, TX. Its services include hair cut, shampoo, color, retexturing treatments, and extensions. The salon provides the best hair extensions of unmatched quality and variety. It provides Fusion, Microbeads, I-tip, Hand Tied Beaded, and Tape Hair extensions. The salon has stylists with high levels of expertise and innovative selection of products to choose from. The salon's stylists specialize in the latest color techniques such as OMBRE and BAYALAGE as well as color correction and a variety of hair extension systems, Keratins and Brazilian blowouts to create the right look for clients. The stylists are independent contractors who pay rent to the owner for each station. This salon was established in 2012 by the current owner. The owner is a stylist with 30 years of salon experience. The business has grown tremendously over the last 10 years. In 2020, the sales dropped significantly due to Covid-19 pandemic but the business recovered nicely in 2021. The business is poised to grow rapidly in 2022 as the pandemic recedes further. The seller is willing to stay and continue to work as a stylist. The seller would like to handover ownership of this business to a new and energetic entrepreneur who can take this business to the next level. Location: Dallas, Texas Year Established: 2012 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 1,140 Rent: $1,950.00 Per Month Lease Expiration: 7/31/2022 Facilities: This salon is housed in a well-equipped facility located in a busy strip mall surrounded by large number of affluent residential communities of north Dallas. The facility has a covered area of 1,140 sq. ft. and monthly rent of $1,950 (includes NNN). The current lease expires in July 2022 and tenant has an option to extend the lease for 5 more years at very competitive rates. Market Outlook/ Competition: Although the beauty and salon industry is competitive, this hair salon has already established excellent reputation and goodwill among its clients. In this business, clients tend to stay loyal to the business as long as they get high quality service. Growth & Expansion: The current owner is not doing much marketing. Most of the business comes from existing clients, referrals, and walk-ins. A new owner can direct sales and marketing efforts to further increase sales. There are a total of 8 stations in the salon; currently 5 of them are occupied. The new owner can hire three more stylists to increase the rental income. There is a great potential for growth in the salon industry. This business can’t be outsourced.