Two Popular Men's Hair Salon Franchises

www.GlobalBX.com

Listing ID: 700343178

Listing Title: Two Popular Men's Hair Salon Franchises

Quick Link: http://www.globalbx.com/listing.asp?bId=343178

Industry: Hair and Beauty

Industry Segment: Beauty Salons and Barber Shops

Country: United States

State / Province: Texas

Area

City:

Asking Price Range: $250K - $500K

Gross Revenues: $600,000

Cash Flow: $90,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2000

Number of Employees: 1 - 3

Business Description:
These two hair salons (for men) offer a full-service gents haircut experience dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing to create an enjoyable atmosphere. The salon is a venue where individuals can have their hair cut in a sports theme environment with TV screens everywhere showing various sports channels all day. Each location has between 6-7 employees including one full-time manager and assistant manager on staff. All stylists are trained and know how to give clients the haircut that they desire. Owner invested over $200K in each location for build-out and leasehold improvements. Each of the two locations is being absentee operated. Earnings are $90,000 EBITDA as an absentee/passive investor. An owner-operator can easily earn an SDE between $130,000-145,000 annually, actively managing and providing styling services. Owner is prepared to sell both locations together at $450,000 (OR BEST OFFER) or each of the locations separately. Location 1: Revenue 2017: P&L, 364,575.89. EBITDA: $82,461.16 Location 2: Revenue 2017: P&L, $226,256.17 EBITDA: $10,233.90



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