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Franchise Hair Salon For Sale
Location: United States -> Michigan -> Oakland County
Industry: Hair and Beauty > Beauty Salons and Barber Shops




Business Summary

Business Description
Growing Branded Salon Great Price!

Great opportunity to own a 1 yr old branded salon. The franchise is well known around the country for servicing families. It is newly designed and offers a new owner a great opportunity to own a salon as an owner operator or absentee owner. The revenue has grown substantially since opened. 2016 sales have exceeded 2015 sales by $7,000 as of July. The salon owner has not spent money on advertising and a new owner could increase sales simply by advertising to the community. .
Detailed Information
Inventory:Not included in asking priceReal Estate:LeasedBuilding Sq. Ft.:N/ALease Expiration:N/AEmployees:4Furniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities:Newly built an designed 5 station salon. Located in a small retail center on a lake the salon sits at the corner of two heavily travelled roads in the same center as a Hungry Henry's Pizza and across from a Rite Aid Pharmacy. Perfect location to serve the neighborhoods and demographics population it serves. Median household income surrounding the salon is ranges from $40K to $100K, Population 3,027, median residential age is 30-55 years old with the family household % ranging from 55-80%.Competition:The salon is located in an area to service the surrounding neighborhoods. They have a high Google review and are a popular family salon.Growth & Expansion:The salon has a great opportunity to grow and needs more investment in advertising. Seller has not spent much money on any formal advertising and will be the 1st to admit this has been the one aspect of the salon that could be improved on.Support & Training:Seller will provide transitional assistance. Franchise will also provide training.Reason for Selling:Seller is relocatingFranchise:This business is an established franchise. Asking price $54,000


Financials

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

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Relocating out of state




Print Listing Id: 700261656
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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 > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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