|Hair Salon Full-Service Franchise|
NCListing DetailsStatus: Sold
Listing Broker: Bob Watson, CBI
Listing Price: $175,000
Gross Revenue: $250,000
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Financing/Terms:Seller will provide partial financing as required by lender.
Absentee Owner: Yes
Reason for Sale:Owners involved in other businesses.
Training:Franchisor offers Continuing Education Plan through Corporate. National franchise and regional management provide systems, marketing, training, and sales support to ensure successful operations. Seller will assist new owner(s) with transition.
OperationsYear Established: 1980
Last Acquired: 2005
Employees (full-time): 3
Business Hours: Seven Days 9-8PM M-F, Sat. 9-6, Sunday 1-5
Business Description:This is a full-service family hair care salon - walk-in and appointment. Leading national franchise affiliation and excellent retail location offer an exceptional opportunity for the future owner. Current owner has added central vacuum similar to high end salons as well as natural color lighting which ensures accurate results in color matching/color services. Client has added new products such as extensions in the past two months.
Historical Summary:This franchise has been operating since 1980. Current owners have operated since 2005. Detailed historical performance data is available. Salon (and retail center) recently completed a full renovation and redecoration. Owner has driven sales and revenue to more high end clients while maintaining strong customer base.
Owner Qualifications:Previous salon, training and entrepreneurial business background would make this an ideal fit.
Competition:The are other service providers in the area, but this salon is in a renovated prime location with first-class equipment, furniture, and fixture improvements.
Potential Growth:Seller has added several new, profitable add-ons for higher end clientele the salon now attracts. Product promotions and mass-marketing campaigns are on-going in coordination with regional managment. The growing surrounding residential area and a new major thoroughfare assure increasing traffic.
LocationReal Estate for Sale: Yes
Option: Yes, for another 3 years.
Lease Security: $2,216
Monthly Rent: $3,076
Square Footage: 1514
Facilities:Eight chair salon recently completely renovated and redecorated. Strong walk-in traffic near major food market and other updated retail space in desirable North Raleigh location.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM