Two Popular Men's Hair Salon Franchises

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$450,000 $600,000

Services: Hair, Nails, Spas, Tanning

Request More Information
Contact the Seller

RE: Two Popular Men's Hair Salon Franchises Broker: Shathi Govender

Quick Facts

Asking Price: $450,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: Not Disclosed
BBN Listing #: 607844107
Broker Reference #: 76931-805194

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

These two 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. Owner invested over $200K in each location for build-out and leasehold improvements. Each of the two locations is being absentee operated. Earnings are $90,000 EBITDA as an absentee/passive investor. An owner-operator can easily earn an SDE between $130,000-145,000 annually, actively managing and providing styling services.

Owner is prepared to sell both locations together at $450,000 (OR BEST OFFER) or each of the locations separately.

Location 1:
Revenue 2017: P&L, 364,575.89.
EBITDA: $82,461.16

Location 2:
Revenue 2017: P&L, $226,256.17
EBITDA: $10,233.90

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:

The current owner built out these stores at a cost of $250k per store in 2011. The businesses have maintained its reputation for quality and service excellence building a solid customer base. In recent years, some of the stores have experienced challenging situations. The owner believes that these issues are now largely resolved and the business is ready to step up.

Market Competition and Expansion:

Solid Reputation and Client Base (7+ year history) Knowledgeable and experienced employees Supported by #1 Rated Male Hair Cutting Franchise Focused on Men and Boys—Underserved market Highly-prized territories in the continuously growing Houston market Average unite value higher than other competitors Steady revenues year after year Up-to-date with technologies (ex. Client can online book appointments online!) Potential Growth 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 lo-cation.

Reason for Selling:

Other business interests

Additional Details:

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

Relevant Links:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!