Successful Franchise Hair Salon
Not Disclosed, UT Utah County
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- RE: Successful Franchise Hair Salon
- Contact: Art Warsoff
Quick Facts
| Asking Price: | $80,000 | |
| Annual Revenue: | $295,399 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $40,338 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $43,903 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 8 | |
| BBN Listing #: | 947082 | |
| Broker Reference #: | 15541-915061 |
Business Overview:
PRICE DROP FOR QUICK SALE
This successful hair salon is part of one of the most well-established franchise systems in the country. The salon offers 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 great opportunity because:
• This turn-key operating location is 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
• Can be semi-absentee - location has a store manager and fully trained staff
• The owner does not need to have experience as a hair stylist
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Property Features and Assets:
Monthly Rent: $1,723.00; Square Units (Foot, Meter): 1,200; Lease Expiration Date: September 14, 2026, 11:00:00 PM
The current owner purchased this location in 2019. The business has been around for nearly 30 years. It is located in an established area with a high traffic count. The salon has been generally updated to franchise requirements, is well designed, and has a positive vibe.
Market Competition and Expansion:
Competition: There are several higher-end salons in the nearby area, but this salon has a unique niche and proven concept that has consistently worked, providing quality services at an affordable price point. The salon also encourages walk-ins. An owner is not required to have previous salon experience because of the comprehensive training provided by the Franchisor.
Expansion: The current owner is not a stylist and works semi-absentee in the business. A new owner who dedicates time and energy towards marketing will lead to future growth and development.
Reason for Selling:
Focus on Other VenturesAdditional 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
Relevant Links:
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