Chains of salons for sale – Manager-run, semi-passive

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Asking Price:
 Not Disclosed

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

A unique opportunity is happening right now with one of the LARGEST HAIR CAIR CHAINS in the country. The parent company of this chain has decided to sell off EXISTING CORPORATELY RUN SALONS to independent business owners as franchises.

The opportunity for the new owner is a TURN-KEY, SEMI-ABSENTEE/PASSIVE BUSINESS that is already established and operating. These businesses are MANAGER-RUN, so most people who are acquiring these salons are keeping their jobs or have other businesses.

Each salon is LOCATED IN A VERY LARGE RETAILER that drives a tremendous amount of foot traffic. Each of these salons is fully staffed, built out and operating. There a number of salons being sold throughout the area.

The ideal owner does NOT need to have any hair care experience. Rather, the parent company is only selling these EXISTING SALONS to people who have a have strong business acumen, great people management skills and a savviness to run a multi-unit, semi-passive business. And, owners can even keep their job and run this business.

Hair care is a segment of the American economy that is widely invested in because of its desirable business attributes including:
…The ability to keep your full-time job and own a chain of salons
…Recession resistance (people always need to get their hair cut)
…Built-in demand
…Semi-passive ownership opportunity
…Scalability - the opportunity to own multiple units

The cost will vary based on the performance of the salons being sold and most will be priced at a fraction of what it would cost to open a new salon. Candidates should have a minimum liquidity of $150K and net worth of $1MM+.

About the Business

Number of Employees:
10
Facilities:
Each salon is located in a very prominent retailer and is about 800 - 1,200 sf. Leases are handled between the parent company and the retailer and you would sublease from the parent company (not the retailer)
Market Outlook/
Competition:
These salons are located in prime locations with little to no competition on a convenient trip for customers. Because the salons are located within a very prominent retailer, they are able to leverage the foot traffic driven by the retailer which significantly reduces marketing and advertising requirements to acquire customers. This is a tremendous strategic advantage.
Growth & Expansion:
There is tremendous upside with these salons. Similar salons under the same parent company which are franchised and run by local owners SIGNIFICANTLY outperform corporately run locations. Additionally, these salons are being sold in bundles of three units and there is the opportunity to purchase multiple bundles.
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About the Sale

Reason For Selling:
Parent company is converting existing, corporately run salons to franchises.
Training/Support:
The franchisor provides extensive initial training at its headquarters followed by ongoing field support.

Listing Info

ID:
1577275
Ad Detail Views:
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Business Listed by

Dru Carpenito

Dyno Development

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