5 Location Franchise Hair Salons, Twin Cities Area , Only 107k down

Ramsey County, MN

Seller Financing Available
5 Location Franchise Hair Salons, Twin Cities Area , Only 107k down
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Asking Price: Get Financing: $1,040,000

Cash Flow: $292,345

Gross Revenue: $1,641,287


FF&E: $150,000

Inventory: $30,000

Established: 2004

5 Location Franchise Hair Salons, Twin Cities Area , Only 107k down

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Business Description

Five locations all in the western Twin Cities area. Salons are all staffed with managers and stylists. The seller is downsizing and wishes to divest of some of their locations. They are located in premium locations with long term leases. A new owner can do a majority of the management remotely but also needs to get acclimated to the cosmetology schools in the area to help recruit new stylists. The seller has owned the business since 2004. All locations show very well and are all clean and in great condition.
Unlike other franchises that charge you a percentage of sales as a royalty this franchise does not penalize you for being successful. They charge a very reasonable flat weekly royalty of under $400 per location which is about half of what the competition does. The franchise will also provide a new buyer with 5 days of training on how to run and manage the business and the current sellers will assist in the transition as well along with introducing a new buyer to key contacts in the area to assist in your success. This is the largest full service hair salon franchise in the country with over 1000 locations nationwide.
There is SBA bank financing in place with only $107,000 down for qualified buyer and finance the balance over 10 years. The price also includes the franchise transfer fee.
For more information please call Matt Schroder at 651-288-1629 or email me at mschroder@sunbeltmidwest.com

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
This business is an established franchise
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