Franchise Hair Salon- Discounted Price

Business Overview:

For sale is a Winona County franchise hair salon.  The seller has elected to list this business below the appraised value and with 10% seller financing offered (for well qualified buyer) to help effectuate a quick sale and facilitate their retirement.  By offering high quality customer care and a broad range of services to meet a diverse demographic group, this business has been successful for two decades and is well established in its community with consistent sales and profitability.
The company is fully staffed with day-to-day management in place.  The seller spends approximately 12 hours per week working in the business with duties including: overseeing scheduling, ordering product, money management, and payroll processing.  Operations are conducted out of a leased space in a high traffic area.  The current space is adequate for current operations and has capacity to add additional technicians.  The landlord is open to long-term lease options for the next owner.
Don't miss out on this opportunity to take over a well established and consistently profitable business that has the backing and processes of a franchise to ensure continued success well into the future.

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Property Features and Assets:

Operations are conducted out of a leased space in a high traffic area.  The current space is adequate for current operations and has capacity to add additional technicians.  The landlord is open to long-term lease options for the next owner.

Assets = $40,000

Market Competition and Expansion:

This business operates in a normally competitive market for hair salon services.

The hair salon industry has seen steady growth, driven by a recovering economy and the rise of per capita disposable income. As consumers recover financially, discretionary spending on grooming services has gained momentum,reflecting enhanced consumer confidence. Innovations in hair products,including blow-dry and hair extension bars, have diversified salons' revenue streams.Concurrently, the sector's engagement with technology—via social media and online booking systems—enhances customer relations and convenience, positioning salons to better tap into tech-savvy clientele. These trends caused revenue to rise at a CAGR of 0.5% to an estimated $60.4 billion over the past five years while inching upward an anticipated 1.9% in 2024.

In recent years, profitability within the sector has remained steady due to various strategic moves. Salons have adapted by introducing high-value services like specialized hair coloring and keratin treatments,which command higher prices than traditional haircuts. Wage expenses have been significant, reflecting the industry's emphasis on skilled personnel to deliver top-tier customer service. Stable economic conditions enhance disposable incomes, enabling consumers to splurge more on personal grooming services and bolstering profit.

The next few years promise further expansion and innovation for the hair salon industry. An improving economy and favorable demographic trends suggest continued growth. As per capita disposable income grows, people are likely to further invest in self-care routines, driving a consistent customer stream. Sustainability trends like energy-efficient appliances and organic products will attract eco-conscious customers. Technology will remain pivotal; digital tools for booking and consultations streamline operations and enhance customer satisfaction. Over the next five years, the industry is expected to grow steadily, with revenue inching upward at a CAGR of 1.2% to an estimated $64.0 billion at the end of 2029.--IBIS World

Adding technicians and enhancing online marketing efforts are the main avenues for growth for this operation.

Reason for Selling:

Additional Details:

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