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- RE: EstablIshed Franchise Hair Salon-Two Locations
- Contact: Arthur Warsoff
Quick Facts
Asking Price: | $135,000 | |
Annual Revenue: | $316,901 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $26,283 | |
Total Debt: | Not Disclosed | |
FF&E: | $110,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2008 | |
Employees: | 9 | |
BBN Listing #: | 988710 | |
Broker Reference #: | 15541-454919 |
Business Overview:
These two hair salons are part of one of the most well-established franchise systems in the country. They offer a full range of services, including haircuts, color, highlights, perms, keratin smoothing treatments, special occasion hair styling, and facial waxing, all at reasonable prices. This business is a fantastic opportunity because:
• These turn-key locations are priced much lower than the cost of opening a new salon
• Franchisor and current owner will provide training to ensure a smooth transition and ongoing support
• Current owner is semi-absentee – supported by fully trained staff
• The owner does not need to have experience as a hair stylist
The salons have been in operation since 2004 and 2008 in their current locations. Both salons are in established areas that have both high traffic and foot counts, with plenty of walk-in business due to major anchor tenants and attractions. The salons have been updated to current franchise requirements, are well designed, and have a positive feel.
Potential Growth
The current owner is not a stylist and works semi-absentee in the business. A new owner who dedicates time and energy towards marketing and new partnerships and sponsorships will lead to future growth and development.
Competitive Overview
There are several other salons in the area, but this franchise has a unique niche and proven concept that has consistently worked, providing quality services at an affordable price point. The salons also encourage walk-ins as an effective way to increase business. An owner is not required to have previous salon experience because of the comprehensive training provided by the Franchisor.
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Reason for Selling:
other businessAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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