Business Overview

Opportunity to own a high-end specialty hair salon in great location – priced well below original cost!! This nationwide franchise hair salon offers a luxury styling experience without the price, hassle, and advanced notice required at traditional full-service salons. In addition to blowouts and updos, the expanded menu now offers installation of extensions, makeup, and eyelash application as well as on-location services for corporate events, weddings, etc. Since the beginning of 2021, the Franchisor has signed over 30 new franchise agreements and now has 140 locations either open or in development. This location opened in 2015. Revenues are increasing. All it needs is a focused operator/owner to take this business to its real potential and enjoy the great profits it has to offer. It is designed to fit up to 12 chairs.

Financial

  • Asking Price: $49,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,100
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Very clean, all equipment in great condition. Located in a busy location. Fully furnished/updated, staffed. Full inventory of retail products for sale & professional use.

Is Support & Training Included:

One week

Purpose For Selling:

Other Interest

Pros and Cons:

The current territory is protected. Great growing market as things are normalizing, the other businesses do not offer same services in close vicinity. This business focus on servicing for all occasions not only wedding.

Opportunities and Growth:

The store is located in a great upscale location of Dallas. there is a great growth opportunity, the current owner has not done much advertising, the new owner can advertise this business and get the most out of it. By adding additional services revenues can be further increased.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was founded in 2015, making the business 7 years old.

The company has 3 employees and resides in a building with estimated square footage of 1,100 sq ft.
The real estate is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. However, the true factor vs the one they say to you may be 2 totally different things. As an example, they might state "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or a range of other reasons. This is why it is very vital that you not depend completely on a seller's word, yet instead, utilize the seller's solution along with your general due diligence. This will paint a more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in new customers? Most times, businesses have repeat customers, which develop the core of their daily profits. Particular factors such as brand-new competitors sprouting up around the location, roadway building, as well as employee turnover can affect repeat clients and also adversely impact future profits. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the chance to build a returning client base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the regional typical home income influence future earnings potential?