Profitable Hair & Beauty Salon in Upscale McKinney!

This salon is providing hair and beauty services for the whole family in the posh and upscale neighborhood of McKinney, TX. The business strives to provide the best possible services to its clients on a daily basis. Its family-friendly environment is for anyone --from young kids to elderly. The current owner and his wife are the only staff working in the business and providing all the services, thus creating a family environment. They have a small but loyal customer base that enjoys the family atmosphere. The Salon mainly specializes in hair-cuts and color. They also provide facials and massages. They have rental space available for other stylists or beauticians. It’s a nicely sized salon with a great potential for a new buyer. The business was established in late 2020; the current owners have purchased new equipment and furniture and made leasehold improvements. The business has grown tremendously especially as the Covid-19 restrictions have eased. Although the revenue was low early in the year due to Covid-19, the sales have been trending up since April, 2021. The business is poised to grow rapidly in 2022 as the customer base is consolidated The current owners are willing to stay and continue to help with the growth of this business. They would like to handover this business to a new and energetic entrepreneur who can take this business to the next level. The buyer is expected to profit handsomely from this deal. Location: Mckinney, Texas Year Established: 2020 Number of Employees: 0 Real Estate: Leased Building Sq. Ft.: 975 Rent: $3,212.00 Per Month Lease Expiration: 1/15/2026 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 McKinney, TX. The facility has a covered area of 975 sq. ft. and monthly rent of $3,212 (includes NNN). The current lease expires in Jan 2026 and tenant has an option to extend the lease for 5 more years. Market Outlook/ Competition: Although the beauty and salon industry is competitive, this 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 walk-ins, existing clients and referrals. A new owner can direct sales and marketing efforts to further increase sales. There is a great potential for growth in the salon industry. This business can’t be outsourced. The salon is located right next to a nail spa that helps bring more additional business. The strip mall is anchored by a major retailer that attracts a lot of customers to this mall.