Asking Price: $3,250,000 Gross Revenue: $3,300,000Cash Flow: $735,052 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $14,000 included in asking priceFF&E: $975,000 included in asking priceShare 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.
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
Building Sq. Ft.:
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.
Multi-Unit Men’s Hair Salon Franchise Owner Absentee - 9 Units
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