Multi-location Franchise Hair Salons, Semi Abse...

St. Paul-Minneapolis-Twin Cities, MN


Asking Price: Annual Revenue:
$199,000 $1,123,655

Services: Hair, Nails, Spas, Tanning


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RE: Multi-location Franchise Hair Salons, Semi Abse... Broker: Matt Schroder
Owner Financing is Available!

Quick Facts

Asking Price: $199,000
Annual Revenue: $1,123,655
Net Profit: Not Disclosed
Cash Flow: $76,984
Total Debt: Not Disclosed
FF&E: $52,168
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 69638693
Broker Reference #: MINNEMN001-N1780

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Business Overview:

Three locations a couple hours SE of the Twin Cities. Salons are all staffed with managers and stylists. The sellers are a husband and wife team. He is retired and does the bookwork from home just a few hours a week. She is around in the stores at times and focuses on hiring and employee issues. They are located in premium locations all in retail areas anchored by large grocery stores. A new owner can do a majority of the management remotely but also needs to get acclimated to the cosmetology schools in the area to help recruit new stylists. The sellers have owned the business since 2005 and are ready to retire and spend more time in their home in Arizona. All locations show very well and are all clean and in great condition. Unlike other franchises that charge you a percentage of sales as a royalty this franchise does not penalize you for being successful. They charge a very reasonable flat weekly royalty of $315 for two of the stores and $365 for the other, which is about half of what the competition does. The franchise will also provide a new buyer with 5 days of training on how to run and manage the business and the current sellers will assist in the transition as well along with introducing a new buyer to key contacts in the area to assist in your success. This is the largest full service hair salon franchise in the country with over 1000 locations nationwide. Sellers will offer financing to a new qualified buyer for 75k down and finance the balance over 10 years at 6.5% interest. For more information please call Matt Schroder at 651-288-1629 or email me at mschroder@sunbeltmidwest.com

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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