Eight Franchise hair salons located in the greater Boston area. Each salon has been open for 5 plus years and has a seasoned staff and loyal customers in place. All located in high traffic locations inside a popular essential store. The two main revenue streams are salon services and retail products. They are supported by a top franchisor in the salon industry which has over 9,000 locations worldwide. This is an exciting absentee ownership opportunity that has been pre-qualified for SBA lending. We have so much more information to share – contact us today at!
- Asking Price:
- $525,000
- Sales Revenue:
- $1,107,356
- Cash Flow:
- $192,496
Business Operation
- Expansion Potential:
-
There are multiple growth opportunities for this business, including but not limited to:
• The company will benefit from a new owner who can bring some new and contagious energy and ideas for additional local advertising and marketing tactics.
• Creating a marketing campaign for each store location.
• Networking with the local community such as: joining local Chamber of Commerce, Rotary Clubs, BNI (Business Networking International, and any other groups are great opportunities to get the business name out into the community and obtain more referrals.
- Competition / Market:
-
There are many options when choosing where to cut your hair. All six of these hair salons are conveniently located inside a top retail store. After your shopping is done, you can take a moment to enjoy a quality salon experience that is staffed with professional, trained stylists, and offers affordable prices.
- Reasons for selling:
-
semi retiring
- Trading hours:
-
Mon.-Sat. 9 am - 8 pm and Sunday 10 am - 6 pm
- Employees:
- 24
- Years established:
- 2005
Other Information
- Support & training:
-
2 weeks
- Inventory / Stock value:
- $65,000
