Kid's Barber Shop Franchise - TWO Locations

Chattanooga, TN
Hamilton County


Asking Price: Annual Revenue:
$150,000 $384,170

Services: Hair, Nails, Spas, Tanning


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RE: Kid's Barber Shop Franchise - TWO Locations Broker: Colin Maher
Owner Financing is Available!
75000

Quick Facts

Asking Price: $150,000
Annual Revenue: $384,170
Net Profit: Not Disclosed
Cash Flow: $9,319
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 10
BBN Listing #: 171858549
Broker Reference #: 94356-839706

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Business Overview:

Children's barber shop franchise with two locations in the heart Chattanooga for the price of one! Seller financing available. First location opened eight years ago and while second location opened in 2018 and is already at break even on the cusp of exploding into profitability. Turnkey operation at both locations with longstanding management in place.

Business grossed over $380,000 in 2019 with its brand new second location. Price includes a fully wrapped automobile to support marketing efforts! The only children's barber shop/salon in Chattanooga, allowing for limited competition while continuing to grow. Franchisor provides great support and marketability with a royalty structure well below industry standards.

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Property Features and Assets:

Started the East Brainerd location eight years ago and became profitable in year three. Opened the North Shore location in May 2018 and currently project to be profitable in 2021.

Market Competition and Expansion:

There are no barber shops or salons targeted toward children in Chattanooga. The competition in the area are general franchises such as Great Clips, Sports Clips and Super Cuts. As the customer base grows in the new location along with the increase in popularity of the Chattanooga area, sales will continue to increase.

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 a franchise resale opportunity.

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