MergerPlace

Franchise Resale Package

Washington (Snohomish)


  • Asking Price: $199,997
  • Gross Income: $568,721
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: $200,000
  • Listing ID: #210032
  • Established: 2017
  • Employees: 14 FT / 4 PT

Business Description

This is a rare opportunity to purchase a package of five top national hair care brand operating beauty salons at a discount. The salons offer a full range of hair care and cutting services for men, women and children. The concept is a full service hair salon with below competition pricing in high traffic locations. All the one-time start-up costs have been paid: franchise fee, tenant improvements and furniture, fixtures and equipment. A Regional Manager runs the day to day operations so that everything is set in place to create a successful manager-run hair salon. There is a $2,500 transfer fee per store.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Washington
County: Snohomish

Company Information

Year Established: 2017
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 14 FT / 4 PT

Financial Information

Asking Price: $199,997
Gross Revenue: $568,721
FF&E: $200,000
Inventory: $50,000
Seller Financing Available: No

Property Information

Facilities:

Each location includes $80,000 in leasehold improvements as well as furniture, fixtures and equipment. Detailed information will be furnished to qualified prospects. Rent is equal to 16% of sales per location.

Growth & expansion opportunities:

There is a great potential for growth and opportunity for an active owner to take a hands-on approach with marketing to establish each salon within their respective communities to build visibility of local ownership. Maximizing social media, online and email promotions and partnering with area organizations would boost visibility and revenues. In addition, there is future potential to add other franchise units to the group.

Competition:

Salon pricing is positioned to be lower than competition. Consequently, there is no direct competition with this in store salon concept. The closest would be salons in Mall settings, however, none have the foot traffic per location or the price point.

Reason for selling:

Business partners relocating, pursuing other interests.

Support & Training:

Will train for 2 weeks @ $0 cost. The salons provide women's haircuts, men's haircuts, kid's haircuts, color service, perms, styling and waxing and selling popular branded hair products. The salon is staffed by professional hairstylists who meet vocational education, training and State Licensing requirements. Services are offered at lower than competition prices and strategically placed to serve that economic target market. The salon model is designed to be manager run. Currently a Regional Manager is in place who runs the day to day operation. A knowledge of basic accounting, management and marketing would a benefit. The new owner will attend the Regis training to learn the formula for success.

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Business Listed By:

Claudia Smith

Murphy Business Brokers