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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