Franchise Resale Package - 5 Salon Locations

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Buy at a Discount - Great Opportunity!
Asking Price:
$199,997

Gross Revenue:
$568,721
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$50,000
included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a rare opportunity to purchase a package of five top national hair care brand operating beauty salons at a discount. The salons offer a full range of hair care and cutting services for men, women and children. The concept is a full service hair salon with below competition pricing in high traffic locations. All the one-time start-up costs have been paid: franchise fee, tenant improvements and furniture, fixtures and equipment. A Regional Manager runs the day to day operations so that everything is set in place to create a successful manager-run hair salon. There is a $2,500 transfer fee per store.

About the Business

Year Established:
2017
Number of Employees:
14 FT/4 PT
Franchise:
Yes
Facilities:
Each location includes $80,000 in leasehold improvements as well as furniture, fixtures and equipment. Detailed information will be furnished to qualified prospects.
Rent is equal to 16% of sales per location.
Market Outlook/
Competition:
Salon pricing is positioned to be lower than competition. Consequently, there is no direct competition with this in store salon concept. The closest would be salons in Mall settings, however, none have the foot traffic per location or the price point.
Growth & Expansion:
There is a great potential for growth and opportunity for an active owner to take a hands-on approach with marketing to establish each salon within their respective communities to build visibility of local ownership. Maximizing social media, online and email promotions and partnering with area organizations would boost visibility and revenues. In addition, there is future potential to add other franchise units to the group.
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About the Sale

Reason For Selling:
Business partners relocating, pursuing other interests.
Training/Support:
Will train for 2 weeks @ $0 cost.
The salons provide women's haircuts, men's haircuts, kid's haircuts, color service, perms, styling and waxing and selling popular branded hair products. The salon is staffed by professional hairstylists who meet vocational education, training and State Licensing requirements. Services are offered at lower than competition prices and strategically placed to serve that economic target market. The salon model is designed to be manager run. Currently a Regional Manager is in place who runs the day to day operation. A knowledge of basic accounting, management and marketing would a benefit. The new owner will attend the Regis training to learn the formula for success.

Listing Info

ID:
1560816
Ad Detail Views:
192

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Business Listed by

Claudia Smith

Murphy Business & Financial Corporation

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U.S. Census Data for Snohomish County, WA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Snohomish County, WA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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