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Blo Blow Dry Bar Salon Franchise Greenville Sc
Location: United States -> Texas
Industry: Hair and Beauty > Hair and Beauty Supplies Retail and Distribution




Business Summary

REDUCED This blow dry bar business is one the top salon franchises available in the country, and it is a brand that is growing exponentially with locations all across the country and in Canada. The brand coined the term ''blow dry bar,'' which is a salon concept that offers no cuts or color but provides gorgeous blow outs, custom styling, updos, bridal styling, makeup services and even hair extensions. The stylists are paid hourly vs. a commission-based system, and at a successful location, licensed stylists can make up to $28-30 an hour. With some owner involvement, there is no need for full-time management, but the business does benefit and grow with a qualified front desk receptionist/supervisor. Any stylists who are promoted to supervisory positions can continue to generate revenue. This location opened mere months before the pandemic and because of Covid and family obligations in 2020, the business has struggled to grow since opening. The business needs fresh energy and working capital to get it on track for the growth and revenue that this franchise typically sees. At a $75,000 price tag, any buyer could get this stunning business in its perfect location for approximately -- of what it costs to open a brand-new franchise of this blow dry bar.
The business is situated in a busy strip center in a premium Greenville location, and any potential buyer could invest in marketing and hiring to see the revenue increase by 3 to 5 times depending on how many stylists and makeup artists are hired and also by including additional services like hair extensions. A salon this size in the franchise can generate $300,000-500,000 annually. The salon was built out in the fall of 2019, so all furniture, fixtures and equipment are in excellent condition and the custom millwork alone is worth well over $60,000.


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  1 week
Reason For Selling:  other interests




Print Listing Id: 700372446
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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