Chain of salons of one of the country&#39;s largest salon brands
Asking Price: Not Disclosed Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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)
…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:
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)
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.
Chains of salons for sale – Manager-run, semi-passive
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. See our
full Terms & Conditions.