MergerPlace

Children's Hair Salon Franchise

New Jersey (Morris)


  • Asking Price: $69,000
  • Gross Income: $289,890
  • Cash Flow: $78,011
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: Not Disclosed
  • Listing ID: #223086
  • Established: 2004
  • Employees: 2 FT / 1 PT

Business Description

Kids hair salon for children ages 0-14 years now available at a great price!

This franchise salon has been in business for over 15 years and has a strong client base with 14,000 names in its customer database. The salon is colorful and inviting, providing an experience both parents and children will love, with video monitors at each of the 6 styling stations - come see how this business can make getting a haircut fun!

Two stylists have been with the salon for over 10 years, making it a turn-key operation. The staff are autism certified stylists, able to serve children with special needs. The salon sells hair products and toys and has space for hosting birthday parties and provides all services at reasonable prices.

The current owners have streamlined the operations, eliminating the need for a receptionist with a new POS system in place. The salon is in a great location in a strip mall outside a major shopping plaza, co-located with national brands as anchor stores.

No hair care experience required to own the salon. Sale is contingent on Franchisor approval of Buyer. In addition to purchase price, Buyer to pay franchise transfer fee of $8500.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: New Jersey
County: Morris

Company Information

Year Established: 2004
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 2 FT / 1 PT

Financial Information

Asking Price: $69,000
Gross Revenue: $289,890
Cash Flow: $78,011
Inventory: $3,000
Seller Financing Available: Yes

Property Information

Facilities:

Salon has 1,623 square feet and is fully outfitted with a large waiting area, 6 haircutting stations, 1 hairwashing station, a break room with washer/dryer, a restroom for customers and a separate restroom for staff and an area for parties.

Growth & expansion opportunities:

Due to personal reasons the owners have not been able to dedicate time to marketing the business. There is significant potential for growth for an owner / operator to build up the client base through marketing campaigns and promotions.

Competition:

The salon is conveniently located in a shopping plaza within Morris County NJ. There are 9500+ children ages 0-5 and 20,500+ children ages 0-10 within a 7 mile radius. There are no competitors within a 20 mile radius. Closest competitors are in Madison and Mahwah.

Reason for selling:

Personal reasons / moving out of state.

Support & Training:

Will train for 4 weeks @ no cost Haircut Shampoo Manicure Braiding / special occasions Birthday Parties Hair products Toys

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Business Listed By:

Cheryl Venezia

Murphy Business Brokers