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Asking Price:	$29,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	The current Owner is absentee
Year Established:	2003
# of Employees:	4 Full Time / 1 Part Time
Yearly Revenues:	$188,284
Yearly Gross Income:	$188

Business for Sale Overview:

This outstanding established franchised hair salon is located in a high traffic regional shopping center anchored by Fred Meyers. The business has been established since 2003 and the owner has been absentee for the entire time. The business occupies about 920 square feet and has 8 stations and only 4 full time stylists, the new owner can dramatically increase the revenues just by adding more stylists. The Hair salon business is one of the fastest growing (no pun intended) industries in the United States. This franchise has positioned itself extremely well and has a loyal following. The business provides haircuts, perms, coloring, and waxing and there are no appointments necessary. The Royalty fee is a flat monthly fee (regardless of volume) of $1,631 - the Regional Ad fee is $843 per month - the National Ad fee is $490 per month and the transfer fee is $6,500. This business has its location (high foot traffic and great visibility), outstanding franchise support and advertising, nationally known name, no appointment necessary walk in service all going in its favor. The only thing it is missing is an owner operator.

Property Features and Assets:

This well established and nationally known Hair Salon franchise is located in a major Fred Meyers shopping center. The business occupies about 920 square feet, has 8 stations for stylists, 3 shampoo stations, and provides haircuts, Perms, coloring and waxing. There is over 100 parking spaces available for the center. The equipment, fixtures, and facility are in excellent condition. The Lease runs till 3/30/2013 with a 5 year option to extend the term. The base monthly rent is $1,403 plus NNN charges of $428 per month.

Market Competition and Expansion:

There are other Hair Salons in the area, some franchises some not, but this business has its location (high foot traffic and great visibility), outstanding franchise support and advertising, nationally known name, no appointment necessary walk in service all going in its favor. The only thing it is missing is an owner operator.The Hair salon business is one of the fastest growing (no pun intended) industries in the United States. This franchise has positioned itself extremely well and has a loyal following. The main thing a new owner could do is add more stylists - currently there are only 4 and there are 8 stations. This would increase income dramatically. If the owner also was a stylist this would also increase the income to the new owner. The current owner has done almost no promotion or advertising in the last couple of years - a good marketing campaign would pay huge dividends.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.