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TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-373520This established franchise lash studio in the Austin area offers an excellent opportunity to step into the thriving beauty and self-care industry. While the business is not currently profitable, this asset-based sale includes a fully equipped studio with no franchise transfer fee, making it an ideal investment for an entrepreneur ready to capitalize on the local market and drive growth.Business Highlights:- Established Revenue Base: The studio generated $562,286 in revenue in 2023, with annualized 2024 revenue projected at $437,949.- Prime Austin Area Location: Situated in a desirable area with high visibility and foot traffic, offering strong market potential.- Turnkey Operation: Fully built-out studio with all necessary equipment and infrastructure, saving the buyer time and setup costs.- Growth Opportunity: With the right management and strategic improvements, this business is well-positioned for a turnaround.Factors Impacting Current Profitability:- Remote Oversight: The absence of a local owner has contributed to operational challenges, including higher employee turnover and reduced efficiency.- Under-Utilized Franchise Resources: Corporate tools and marketing programs have not been fully leveraged, limiting growth potential.- High Fixed Costs: Overheads, such as rent and payroll, currently take up a large share of revenue, impacting profitability.- Limited Community Presence: A lack of in-person networking and local engagement has reduced visibility in the competitive Austin market.- Employee Turnover: Remote management has contributed to higher turnover, increasing costs for recruitment and training.Strategies for Immediate and Long-Term Improvement:- Localized Leadership: An Austin-based owner/operator can improve daily operations, enhance customer satisfaction, and reduce inefficiencies.- Targeted Marketing: Invest in high-yield digital campaigns targeting the Austin market to drive membership growth and new client acquisition.- Enhanced Retention Programs: Focus on customer loyalty initiatives, such as referral incentives and improved follow-ups, to increase recurring revenue.- Collaboration with Franchisor: Leverage best practices and resources from the franchisor to streamline operations and optimize performance.- Operational Streamlining: Implement strong local management to improve efficiency and reduce unnecessary overhead.This studio is a promising opportunity for an entrepreneur ready to invest time and effort into turning it into a profitable venture. With a strong foundation in place and significant room for growth, this business is well-suited for someone looking to make their mark in the beauty industry.
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