Three Location Hair Salon Franchise

Not Disclosed, UT


Asking Price: Annual Revenue:
$129,000 $658,129

Services: Hair, Nails, Spas, Tanning


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RE: Three Location Hair Salon Franchise Broker: Diane Warsoff
Owner Financing is Available!
15000.00

Quick Facts

Asking Price: $129,000
Annual Revenue: $658,129
Net Profit: Not Disclosed
Cash Flow: $24,088
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 18
BBN Listing #: 794750336
Broker Reference #: 15541-651327

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Business Overview:

This is a great opportunity to own three long-standing hair salons that are part of one of the most established franchise systems in the country. The salons offer a full range of services, including haircuts, color, highlights, perms, keratin smoothing treatments, special occasion hair styling, and facial waxing, all at affordable prices. Each location has nine stations with a store manager at each location. The owner is not a stylist and runs the business semi-absentee. These three locations are being sold at a fraction of the cost of opening a new franchised store. The salons will be sold with fully trained staff, and the franchisor and current owner will provide transitional training, and the franchisor provides ongoing support.

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Property Features and Assets:

Current owner purchased these locations in 2017. These salons are located in growing areas that have both high traffic and foot counts, with plenty of walk-in business. The salons have been generally updated to franchise requirements, are well designed, and have a positive feel.

Market Competition and Expansion:

Each salon has nine stations, and they are not all being used. The current owner is not a stylist and works a limited schedule, so a new owner can dedicate more time and energy towards future growth and development. The owner has undertaken some innovative local marketing programs, in addition to the traditional franchise marketing support. Many customers are long time repeat customers. There are several other salons in the area around each of the locations, but this business has a unique niche and proven concept that has consistently worked, providing quality services at an affordable price point. The salon also encourages walk-ins, which is a good way to increase business. Finally, the franchisor does not require the owner to have previous salon experience because of the comprehensive training provided by the Franchisor.

Reason for Selling:

other venture

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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