Profitable Well known 4 franchise hair salons, fully staffed !!!!

MI

Salon
Contact Seller

Asking Price: $249,900

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 2015

Profitable Well known 4 franchise hair salons, fully staffed !!!!

Save Print Share Valuation Report

Business Description

Well known 4 franchise salons located in a heavy traffic shopping malls in Novi, Livonia, Southgate & Lapeer. Buyer can buy all in a package or can buy any of them.
The owners are looking to sell these established franchises salons due to other job opportunities and family responsibilities without enough time to focus on the business. These salon are successful and have tremendous potential and sales are continuing to trend up since it opened. The shopping malls are very busy with over 5000 customers walking by every day. The shopping plaza has many other businesses

These salon are currently staffed with a great group of stylists and experienced managers with capacity to handle additional growth.

With all equipments, fixtures, furnishings in place – makes this an easy transition and opportunity for new owners.
These salons offers a very broad range of haircutting and hairstyling services. including all styles of cuts for men, women and children, full-color services, including highlight and lowlight, hombre color techniques, all perm services, facial wax, moustache trim and beard trim.
Each salon has a huge database of customers with phone numbers. The goggle review ratings for each salon is also great and is improving ( 4+ stars).
Royalty fee is 5% & Ad fee is 1.5% of total sales.
Franchise transfer fee is 2500 for the first salon, 2000 for Salon 2, 1500 for salon 3 and 1000 for Salon 4.Inventory average cost between 10-12 K per salon.
Rent is 16% of total sales including all utilities.
Rent still have 4 years and able to renew.
2 Stores are 1100 sqft each and 2 stores are 700 sqft each.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
13
Facilities:
Well known 4 franchise salons located in a heavy traffic shopping malls in Novi, livonia, Southgate & Lapeer
Competition:
No other competition in the shopping malls.
Growth & Expansion:
With buyer being more involved these salons will grow much more These salon are currently staffed with a great group of stylists and experienced managers with capacity to handle additional growth.
Support & Training:
Franchise company will train, also owner is willing to train as well.
Reason for Selling:
Seller is an engineer and don't have time to focus on business.
Franchise:
This business is an established franchise
Contact Seller

Contact the Seller

Contact Seller Loading

ADAM HAGE

Business Listed By:
ADAM HAGE

ATLAS PROPERTIES INC

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1594628 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


Spenga

Franchise Opportunity In MI
Capital Required: $385,850