Established Family Owned Seven-Unit Hair Salons

Not Disclosed, TX


Asking Price: Annual Revenue:
$2,020,000 $2,614,804

Services: Hair, Nails, Spas, Tanning


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RE: Established Family Owned Seven-Unit Hair Salons Broker: Shathi Govender
Owner Financing is Available!
1010000.00

Quick Facts

Asking Price: $2,020,000
Annual Revenue: $2,614,804
Net Profit: Not Disclosed
Cash Flow: $593,071
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 71
BBN Listing #: 786044107
Broker Reference #: 76931-687615

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Business Overview:

Seven family-owned hair salon units catering to both men & women of all ages including children. Business is known by customers for excellent service, quality products, and the friendly atmosphere.

First established in 2001, additional locations were opened up until recent years.

Well-recognized name, turnkey operation with well-established system. Each location has its own experienced and dedicated managers. The owners and their son are sharing the duties of General Manager, spending about 30 hours a week in the business.

Total revenue for 2018 reflected $2,614,804, and a rewarding SDE of $593,071 (EBITDA of $527,071).

As an already established chain of hair salons, business has a huge opportunity for a new buyer to franchise the concept. Rare opportunity to acquire a profitable business like this one.

Seller Financing is available to a qualified buyer.

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Property Features and Assets:

The first salon was established in 2001. Within one year of the first location opening, the owner purchased a fallen franchise and converted it into the second location for this chain. Before long, a new salon was built out and opened every 2 years until the owner established a total of 10 locations across the northern part of the Greater Houston area. Over recent years, the owner sold 3 of the total 10 locations to long term Managers and kept the remaining 7 locations. Owner now wishes to retire and sell the remain locations as a multi-unit set. Each salon is in shopping centers/strip centers with anchor stores like HEB for maximum traffic exposure. 7 locations. Rent and Leasing agreements vary.

Market Competition and Expansion:

- A relaxed, friendly, professional services for the entire family? - High-quality products (top of the industry) - Highly trained stylists and excellent support staff - Strong brand recognition in the community - Situated in great locations near major stores - Large variety of services at competitive prices - Huge opportunity for franchising - Significant marketing potential Businesses market areas are rapidly growing due to the recent oil and gas boom in the nation. Many of the hair salon locations are close proximity to new communities recently under development. As of now 10K known new homes are projected to be built within a few miles radius over the next 2 to 3 years in the growing suburb area. Infrastructure is already well under construction. All areas are growing and new people bring new haircare opportunities. In additional to the growing communities, the businesses is currently not actively participating in any marketing initiatives. By adopting more marketing initiatives to increase presence in the community, a new owner would undoubtably see new clients and increased traffic. Additionally, the salon is not operating at full capacity with current staffing levels, so a new owner can hire additional stylists to boost the business profits as well as expand services such as hair braiding, etc.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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