Leading Hair Salon Franchise
Location: Nevada > Washoe County > Reno
Industry: Hair and Beauty > Beauty Salons and Barber Shops
Financials
Asking Price: $49,000
Gross Revenue: $73,973
Cash Flow: $9,897
Inventory: $3,000 (Included in Asking Price)
FF&E: $200,000 (Included in Asking Price)
Seller Financing: $59,000 note with $1,313 per month for 53 months
Business Summary
This franchise has what we call the "WOW" factor. When you walk in for the first time everybody says "WOW!" This one is a keeper and a must see. The Liberty Group of Nevada, LLC is very selective about the clients that we represent. We typically accept only a small percentage of all businesses that we consult with. Our criteria is simple. Our clients need to be experiencing positive cash flow and be priced in a range that fits into the parameters of local market conditions or must have another compelling reason to be in our portfolio. From a Regional perspective, the Northern Nevada area comprised of Reno, Sparks, Carson City and Lake Tahoe is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. This high desert region nestled at the base of the Sierra Nevada mountain range is consistently ranked as one of the top places in America to live and do business because of its diversified economy, desirable climate, and quality of life. In quality of life studies, Men's Journal Magazine ranked Reno eighth among America's "50 Best Places To Live" and Cities Ranked and Rated Magazine named Reno ninth out of 331 cities among the best places to live. As a State, Nevada is also highly regarded. For example, Nevada was recently voted the best small business state in the country by the Washington-based Small Business Survival Committee. Secondly, The Small Business Survival Index 2007 ranked Nevada second best in the nation for small business and entrepreneurship. Thirdly, The Center for Women's Business Research ranked Nevada third in the nation for growth in Women-owned firms. From a Business perspective, Forbes Magazine ranks Reno 25th out of 150 cities for doing business. The Forbes/Milken Institute ranks Reno 26th out of 200 cities in their study "Best Performing Cities: Where America's Jobs Are Being Created".
About the Business
Year Established: 2005
Employees: 3 full time - 4 part time
Home Based: Yes
Facilities: The location is fantastic with great visibility from all over this primo shopping center. They have tv cameras and DVD setup at all stations so clients can see themselves. What a great opportunity to own a Franchise that would cost $300,000 to Set Up for only $135,000 complete and running great. All you have to do is grow the business. It is next to the theatre, easy find lots of traffic and parking. It has what we call the "wow" factor for 1st timers when they first walk in.
Market Outlook and Competition: This salon is the only one in tyown like this, and the location is Super Primo. It is the only one just for kids. Only salon that is "Child Specific" in Reno. They carry their own line of hair products.
About the Sale
Management Training and Support: This is a franchise so the buyer will have training at corporation but seller will give 4 weeks of assistance.
Reason For Selling: Seller has other businesses and can't spend enough time.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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