Multi-Unit Men’s Hair Salon Franchise Owner Absentee - 9 Units

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SOLD OUT TERRITORIES IN THE STATE OF TEXAS! 100% ABSENTEE! SELLER FINANCING UP T
Asking Price:
$3,250,000

Gross Revenue:
$3,300,000
Cash Flow:
$735,052
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$14,000
included in asking price

FF&E:
$975,000
included in asking price

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Business Description

These 9 franchised hair salons (for men) offer a full-service gents haircut experience dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing to create an enjoyable atmosphere. The salon is a venue where individuals can have their hair cut in a sports theme environment with TV screens everywhere showing various sports channels all day. Each location has between 6-7 employees including one full-time manager and assistant manager on staff. All stylists are trained and know how to give clients the haircut that they desire. Turnkey operation, seller invested over 2M in FF&E, leasehold improvements, and start-up costs. Seller is prepared to sell the 9 available units in smaller sets.

About the Business

Real Estate:
Leased
Building Sq. Ft.:
13,500
Lease Amount/Mo.:
$3,923.00
Facilities:
Owner invested up to $200K seven years ago at each location in build-out and equipment. All locations are currently in leased strip centers located along high-traffic roads. Each location is between 1200 and 1600 SF with an approximate average monthly lease payment of $3,923.
Growth & Expansion:
All marketing initiatives are currently being preformed by the franchisor. Additional local marketing support from a new owner such as offering special local discounts, participating on more online sales platforms such as Groupon, and participating more in the local community are all additional untapped marketing initiatives a new buyer can adopt to increase traffic to each location.
An additional marketing trend on the current rise is providing enhancements for thinning hair on men. A hair enhancement, which is a special handmade type of toupee or wig, can camouflage thinning hair, according to stylists. Providing this addition service can also increase earnings by providing an additional revenue stream.
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks
Seller Financing:
1500000.00

Listing Info

ID:
1579847
Ad Detail Views:
0

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Business Listed by

Shathi Govender

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors

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

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U.S. Community Survey Data for Harris County, TX
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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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