Multi-Unit Men’s Hair Salon Franchise Owner Absent

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$3,250,000 $3,300,000

Services: Hair, Nails, Spas, Tanning


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RE: Multi-Unit Men’s Hair Salon Franchise Owner Absent Broker: Shathi Govender
Owner Financing is Available!
1500000.00

Quick Facts

Asking Price: $3,250,000
Annual Revenue: $3,300,000
Net Profit: Not Disclosed
Cash Flow: $735,052
Total Debt: Not Disclosed
FF&E: $975,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 446644107
Broker Reference #: 76931-488263

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Business Overview:

These 9 franchised hair salons (for men) offer a full-service gents haircut experience dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing to create an enjoyable atmosphere. The salon is a venue where individuals can have their hair cut in a sports theme environment with TV screens everywhere showing various sports channels all day. Each location has between 6-7 employees including one full-time manager and assistant manager on staff. All stylists are trained and know how to give clients the haircut that they desire. Turnkey operation, seller invested over 2M in FF&E, leasehold improvements, and start-up costs. Seller is prepared to sell the 9 available units in smaller sets.

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Property Features and Assets:

Owner invested up to $200K seven years ago at each location in build-out and equipment. All locations are currently in leased strip centers located along high-traffic roads. Each location is between 1200 and 1600 SF with an approximate average monthly lease payment of $3,923.

Market Competition and Expansion:

All marketing initiatives are currently being preformed by the franchisor. Additional local marketing support from a new owner such as offering special local discounts, participating on more online sales platforms such as Groupon, and participating more in the local community are all additional untapped marketing initiatives a new buyer can adopt to increase traffic to each location. An additional marketing trend on the current rise is providing enhancements for thinning hair on men. A hair enhancement, which is a special handmade type of toupee or wig, can camouflage thinning hair, according to stylists. Providing this addition service can also increase earnings by providing an additional revenue stream.

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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