Supercuts Franchised Group - Seven Salon PA and NJ

Not Disclosed, PA
Philadelphia County

NJ and PA

Asking Price: Annual Revenue:
Not Disclosed $1,777,020

Services: Hair, Nails, Spas, Tanning

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RE: Supercuts Franchised Group - Seven Salon PA and NJ Broker: Joseph Kerr

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,777,020
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 45
BBN Listing #: 807529987
Broker Reference #: 14631387

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Business Overview:

Run Rate Revenue (for the 12 months ending 6/30/20): $1,777,020
Run Rate EBITDA Margin: 11%
Business is on Fiscal Year July 1 to June 30

Salon Locations by County: Bergen, Cumberland, Camden, Bucks, Montgomery, and 2 in Philadelphia

This turnkey operation presents the opportunity to own seven (7) well-established and operationally sound Supercuts franchise hair salons that are in densely populated areas of New Jersey and Pennsylvania. Supercuts is a top-rated Franchisor in the industry.
• When looking at the first 7 months of fiscal year 2020 compared to the same time period last year, sales are up 8.3% and EBITDA is up 70%.
• This business is recession and technology proof given the nature of the service and is a cash business.
• The company has a unique infrastructure in place that is designed to handle up to 20 salons without additional management expense.
• These are mature locations without the cost and frustration of hiring, training, and operating with no revenue for an extended period.
• One location is a designated Corporate Training Facility.
• Due to a superior management team, there is very little demand for the new owner to be involved in the day-to-day operations of each salon.
• Current owners will assist in transition and acquisitions of additional locations that have already been identified.
• This opportunity is perfectly suited for the investor to use as a platform for synergistic inorganic growth and margin expansion.

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Property Features and Assets:

All locations are leased and have ample and convenient parking. Each salon has been recently updated.

Market Competition and Expansion:

Competition: Local competition exists from smaller franchisees and other lesser known brands. Growth & Expansion:Owners have identified a detailed, planned acquisition strategy. There are multiple nearby acquisition opportunities available to drive increased success and profit.

Reason for Selling:

Key owner has passed away.

Additional Details:

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

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