Seller's Contact Information
- RE: Top Brand Name Blow Dry Bar In Seattle Suburb
- Contact: Katie Holditch
Quick Facts
Asking Price: | $100,000 | |
Annual Revenue: | $185,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 80,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2022 | |
Employees: | Not Disclosed | |
BBN Listing #: | 833544107 | |
Broker Reference #: | 76931-201221 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-201221
This blow dry bar business is one the top salon franchises available in the country, and it is a brand that is growing exponentially with locations all across the country and in Canada. The brand coined the term “blow dry bar,” which is a salon concept that offers no cuts or color but provides gorgeous blow outs, custom styling, updos, bridal styling, makeup services and even hair extensions. The stylists are paid hourly vs. a commission-based system, and at a successful location, licensed stylists can make up to $28-30 an hour. With some owner involvement, there is no need for full-time management, but the business does benefit and grow with a qualified front desk receptionist/supervisor. Any stylists who are promoted to supervisory positions can continue to generate revenue. This location opened in early 2022 and is growing well, but due to family circumstances beyond the owner’s control, a lucky buyer will get a brand new blow dry bar in a very desirable area for about 1/5 the cost of opening a new location! A buyer will need to continue building the business, but there is a great foundation and excellent operations and marketing support from the franchisor. By year end, revenue should be over $180,000.
At a $100,000 price tag, any buyer could get this stunning business in its ideal location for approximately 1/5 of what it costs to open a brand-new franchise of this blow dry bar. The business is situated in a busy and trendy shopping area, and the modern buildout of the salon is brand new. Any potential buyer could invest in marketing and hiring to see the revenue and profitability increase dramatically depending on how many stylists and makeup artists are hired and by including additional services like hair extensions. A salon this size in the franchise can easily generate well over $500,000 in annual sales. The salon was built out in late 2021, and all furniture, fixtures and equipment are in like new condition, and the custom millwork alone is worth well over $60,000.
As stated above, this location was built out in a busy and popular shopping area in a popular Seattle suburb. The franchise fee alone to start this franchise ranges from $35,000-40,000, and with buildout costs and investment in high-end millwork plus chairs, fixtures and inventory, startup costs can be close to $350,000. The franchisor is extremely supportive and innovative with their franchisees, and they are perpetually working with local franchise partners to grow their locations and the brand. With a large network of corporate support and marketing, any new franchise partner would have the tools and knowledge to grow this business to profitability in short order. 2022 revenue should hit $180,000 or better.
Any potential buyer could invest in marketing (Google Ads, Facebook, Instagram, etc.), add a variety of products for retail sale and add new services to see the revenue increase depending on how many additional stylists the buyer chooses to hire and services offered. In truth, this is such a new location that all it needs is effort and time to continue to grow.
Potential Sources of Sales and Revenue Growth Include:
• Adding 3-6 stylists, including makeup artists
• Retail product sales
• Membership-based options to generate guaranteed monthly revenue in exchange for a set number of services per month. The franchise offers memberships, but any new franchise partner could grow
• Growing the hair extension and makeup service portion of the business
• Investing in marketing—Google Ads, Facebook, Instagram, Events
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
Other interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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