Listing ID: 83809
FRANCHISE Hair Salon – 4 Locations. These salons have been established for 10 plus years. The locations are all in the north metro area. They are very well designed hair salons. These are full-service hair salon providing professional color, haircuts, styling updos, special occasion hair, highlights, facial waxing, treatment perms, men’s cuts, kids cut, women’s cuts, and beard trimming. The products sold provide excellent margins to the owner. There are 7 to 8 stations at each location. Hours are Monday Friday 9 am to 7pm, Saturday 9 am to 5 pm and one location is open Sunday 10 pm to 5 pm.
- Asking Price: $425,000
- Cash Flow: N/A
- Gross Revenue: $833,478
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:33
- Furniture, Fixtures and Equipment:N/A
The business leases all four locations. The leases are very reasonable and long term; a buyer can assume the existing leases. The average square feet of each location range from 1300 to 1700 square feet.
Moving out of State
This Business Is An Established Franchise
The company was founded in 2010, making the business 12 years old.
The company has 33 employees and resides in a building with estimated square footage of N/A sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a range of other reasons. This is why it is extremely vital that you not count entirely on a seller's word, yet instead, make use of the vendor's answer along with your total due diligence. This will repaint a more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new clients? Most times, companies have repeat customers, which form the core of their day-to-day profits. Specific elements such as new competition growing up around the location, road building, and also staff turnover can affect repeat clients and also negatively influence future incomes. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A final thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional median family earnings impact future income potential?