2 Franchised Hair Salons- Absentee Owner Low Price

Not Disclosed, NJ
Warren County

Warren County

Asking Price: Annual Revenue:
$75,000 $305,400

Services: Hair, Nails, Spas, Tanning

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RE: 2 Franchised Hair Salons- Absentee Owner Low Price Broker: Cheryl Venezia

Quick Facts

Asking Price: $75,000
Annual Revenue: $305,400
Net Profit: Not Disclosed
Cash Flow: $35,780
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 6
BBN Listing #: 16674955
Broker Reference #: 3407-16957

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Business Overview:

Great opportunity to own two franchised hair salons at a great price - get 2 for the price of 1!

These salons are located inside busy Walmart locations and have a lot of foot traffic. The franchise provides quality services at affordable prices for the entire family, drawing customers from the local area. One salon has 4 stylists with 7 hair stations while the second has 2 stylists with 6 hair stations, allowing the new owner to expand and increase sales.

Prominent location results in high volume of product sales in addition to traditional hair service revenues. Perfect business for someone looking for supplemental income - current owner works only 2 hours per week.

The salons have been in business for 10+ years - One salon was opened in 2010 while the second opened in 2012.

Franchise is easy to own and operate, and a good option for a first-time small business owner. Buyer will be subject to owner, landlord and Franchisor approval. Buyer will be responsible for Franchise Transfer Fee of $2,500/location.

Assets included are worth more than the asking price - seller is motivated for a Quick Sale.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Salons are located inside Walmart, and are about 35-40 minutes from each other. One salon is 1000 sq ft with 7 hair stations and 2 hair washing sinks Second salon is 700 sq ft with 6 hair stations and 2 hair washing sinks Assets = $80,000

Market Competition and Expansion:

There are other salons in the area however these salons offer quality service at an affordable price. Increase staff levels.

Reason for Selling:

Retiring - moving out of the area.

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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