Return to search results

Fantastic Sams - Absentee Run : 2 Established Salons

Riverside County, CA

Fantastic Sams - Absentee Run : 2 Established Salons
Contact Seller

Asking Price: $119,000

Cash Flow: $60,000

Gross Revenue: $537,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,000 /Month

Established: 2017

Fantastic Sams - Absentee Run : 2 Established Salons

Save Print Share Valuation Report

Business Description

Gross Revenue over 500K

Salons are priced very aggressively, at a 1.9 x earnings multiple.

Amazing business opportunity. Two well established hair salons that have been in business over 10 years with large customer bases. One salon has strong YOY growth.

Upside Potential
Both locations have added upside potential. One of the shopping centers bringing in newly added anchor stores Chase Bank, and Starbucks that will be opening in the next 3 months. Each salon could also add 1-2 stylist for additional growth potential, especially with increased traffic to the location with the new anchors.

Management and Key Persons True Absentee Business
Each salon has a manager in place and currently fulfill all day to day operations, therefore, this is a true absentee business. Owners spend about 2 hours per week running the company, this could also be eliminated if the final task of banking that the owners currently perform is delegated to one of the Managers. There are currently a total of 15 employees in the company.

Training
Owner will provide training to buyer. Also, Franchisor provides New Owner training if new owner desires.

Equipment
Each salon has 10 stylist stations, 4 shampoo bowls, 3 hair drying stations, reception desk, reception chairs, TV's, coffee station, digital cameras, and are very well kept, with all salons having received a refresh with new paint.

This is a technology proof business as well as a recession proof business, an amazing opportunity to own a premiere franchise.

Gross Revenue over 500K.
Net Earnings 60K.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
15
Facilities:
Each salon has 10 stylist stations, 4 shampoo bowls, 3 hair drying stations, reception desk, reception chairs, TV's, coffee station, digital cameras, and are very well kept, with all salons having received a refresh with new paint.
Growth & Expansion:
Both locations have added upside potential. One of the shopping centers bringing in newly added anchor stores Chase Bank, and Starbucks that will be opening in the next 3 months. Each salon could also add 1-2 stylist for additional growth potential, especially with increased traffic to the location with the new anchors.
Support & Training:
Owner will provide training to buyer. Also, Franchisor provides New Owner training if new owner desires.
Franchise:
This business is an established franchise
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Paul

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1602345 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Roosters Men's Grooming Center

Franchise Opportunity
Capital Required: $195,750