Turnkey Multi-Unit Hair Salon Franchise

Edgewater, NJ
Bergen County

Several locations throughout PA and NJ

Asking Price: Annual Revenue:
Not Disclosed $1,628,045

Services: Hair, Nails, Spas, Tanning

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RE: Turnkey Multi-Unit Hair Salon Franchise Broker: Joseph Kerr

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,628,045
Net Profit: Not Disclosed
Cash Flow: $113,146
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 48
BBN Listing #: 897229987
Broker Reference #: 14631387

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Business Overview:

This $1.6M turnkey operation presents the opportunity to own seven (7) well-established and operationally sound franchise hair salon units located in densely populated areas of New Jersey and Pennsylvania. This year is off to a great start with Gross Sales (up 8.5%) and Net Profit (up 74%) both up when comparing July-August 2019 to July-August 2018.
The expected selling price of the business is calculated to be less than if seven (7) new locations were opened.
The salons are strategically located in either Class A or B+ strip malls featuring high profile anchor stores allowing for increased foot traffic. All seven locations are in compliance with health and sanitation laws and are staffed with stylists that hold valid cosmetology licenses.

The franchisor is an award-winning, leading hair care brand both in the U.S. and internationally. The franchisor provides quality support to franchisees through back office systems, proven marketing techniques, and training. Hair stylists for every location are trained and certified through the brand’s unparalleled education program.

The hair care industry is an optimal investment to consider due to the fixed necessity of hair care services. It is one of the few industries that remain technology resistant and recession resistant.

Our client has identified further growth opportunities through continued expansion. Based on operational and organizational efficiencies, this franchise group can easily expand to 20 locations.

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Property Features and Assets:

There are seven leased locations in Class A and B+ strip malls, all with ample and convenient parking available.

Market Competition and Expansion:

Competition: The $61.4 billion-a-year hair care industry is expected to grow at a steady rate year-over-year based upon increases in consumer spending. Local competition exists. 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:

Owners wish to focus on other interests.

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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