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Fantastic Sams, Turnkey, Semi-Absentee

Ventura County, CA

Fantastic Sams, Turnkey, Semi-Absentee
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Asking Price: $77,453

Cash Flow: N/A

Gross Revenue: $104,000

EBITDA: N/A

FF&E: $44,000

Inventory: $1,000

Rent: $3,532 /Month

Established: 2019

Fantastic Sams, Turnkey, Semi-Absentee

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Business Description

- Are you an existing Fantastic Sams owner wanting to acquire a new location?
- Are you a hair stylist wanting to own a brand new revenue generating Fantastic Sams hair salon?
- Are you an entrepreneur who wants to start with a semi-absentee type Fantastic Sams hair salon?

If so, then read on.

A turnkey Fantastic Sams Cut and Color in Ventura County near an affluent area is available for a new owner. This relatively new hair salon is located in a recently remodeled and a very busy shopping strip with multiple anchor businesses. This Fantastic Sams Cut and Color business has incorporated all new Franchisor’s upgrades presenting a modern and a welcoming interior design while offering 7 chairs, products display shelves, 3 shampoo chairs, and a full color bar.

The owner has hired 7 stylists and a manager to convert the business to a semi-absentee owner type. The lease was negotiated at a very competitive price for a total of 15 years! The location is in one of the fastest growing areas within the Southern CA.

As a Fantastic Sams new owner, your startup cost will be about $150K to $200K. This business is being offered at a discounted price as a turnkey solution. June 2019 revenue per FS Dashboard was over $2000 per week at only 6 months of operations! All Financial and TI records are available to review for serious buyers. The displayed annual revenue is a 2019 projection based on $2000 weekly production.

Contact Matt Manavi at 714-923-1222 or mmanavi@tworld.com for further information about this Fantastic opportunity.

Detailed Information

Location:
Ventura County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
In a newly remodeled strip mall with plenty of parking for the customers, and many anchor businesses.
Competition:
This hair salon due to its newness, and its elegant interior design attracts customers from competition.
Growth & Expansion:
This newly established Fantastic Sams is offered at a discount price relative to building a brand new FS, without the headache of lease negotiation, TI, initial marketing, and hiring hair stylists / manager. The customer base and revenue has been growing at a rapid pace since opening.
Financing:
cash purchase
Support & Training:
2 weeks
Reason for Selling:
personal / family
Franchise:
This business is an established franchise
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Contact the Seller

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Matt Manavi, MBA, CBB, CBI

Business Listed By:
Matt Manavi

Transworld Business Advisors of Orange

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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