Two Well Established Branded Salons Off Belt Hwy

Buchanan County, MO

Two Well Established Branded Salons Off Belt Hwy
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Asking Price: $130,000

Cash Flow: N/A

Gross Revenue: $565,282

EBITDA: N/A

FF&E: $54,000

Inventory: $7,000

Rent: $0.00

Established: 1980

Two Well Established Branded Salons Off Belt Hwy

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Business Description

Two Branded Hair Salons in St. Joseph, MO.
Salons are absentee owned and operated by managers.
Salon 1 opened in 2005 is a profitable salon with sales exceeding $300,000 the past four years. It has a history of solid revenues and profits over the past 4 years. It operates with 7 stylists and 9 chairs.
Salon 2 opened in 1980 and could use some attention. Sales exceeding $200,000 which is down from previous years where they had been in the $250,000 range. It has struggled for specific reasons such as key stylist having left, being closed two days a week, and payroll running much higher than it should. It has a lot of room for improvement under a new owner who could bring on additional stylists and adjust payroll. Currently it is operating with 6 stylists 10 chairs.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Salon 1 is strategically located facing highly trafficked South Belt Hwy, just down the street from a very busy Super Wal Mart Salon 2 is strategically located on highly trafficked N Belt Hwy surrounded by a strong retail market.
Competition:
Very well established.
Growth & Expansion:
Owner operator has a lot of additional upside.
Support & Training:
Yes full support and training from franchise
Reason for Selling:
Diversifying
Franchise:
This business is an established franchise
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Contact the Seller

(from currently available funds)
 
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Vernon Suemnicht

Business Listed By:
Vernon Suemnicht

sbdees

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Sponsoring Broker:
John Allen Dees

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