Franchise Hair Salon For Sale

Listing ID: 700261656

Listing Title: Franchise Hair Salon For Sale

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Industry: Hair and Beauty

Industry Segment: Beauty Salons and Barber Shops

Country: United States

State / Province: Michigan


City: Oakland County

Asking Price Range: < $250K

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2015

Number of Employees: 1 - 3

Business Description:
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

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