Mens Barber Shop/Grooming Salon
North CarolinaListing DetailsOffice ID: HAIRCUT1
Status: ON HOLD
Listing Broker: Joe Vagnone
Listing Price: $235,000
Gross Revenue: $210,747
Cash Flow: $35,079
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Absentee Owner: Yes
Reason for Sale:Owner pursuing other business interests.
Training:Negotiable – seller will help with transition to a new owner.
OperationsYear Established: 2013
Form of Ownership: LLC
Employees (full-time): 5
Employees (part-time): 1
Business Hours: 10 am – 7 pm Mon.-Fri., 9 am – 5 pm Saturday, 12 pm – 5 pm Sunday
Business Description:Since opening for business in January 2013, this Men’s Grooming Salon has grown in both clientele and revenues. With its location at the entrance to the upscale Peninsula Community, this business caters to upper income professionals and families who represent a broad age range. A few of the advantages to owning this franchise would include: • A 4-year established clientele with a rewards program in place • A fantastic location • Beautiful, clean, comfortable facility • An excellent rating on Yelp – 4.5 of a possible 5 star rating • Excellent leadership team already in place • Franchise consultant support at no additional cost • Semi-absentee ownership • Owning a franchise that has been named to the exclusive Entrepreneur-Franchise 500 in 2017 This business is ready for a new, fully engaged owner to take it to the next level. This rare opportunity will not last for this successful salon with an impeccable reputation.
Owner Qualifications:Selection of a location manager, marketing and accounting. General business experience is helpful. Skills and knowledge specific to the hair industry can be learned quickly.
Competition:With many competitors in the market area, this business competes on the basis of superior customer service.
Potential Growth:This business is in a fast growing market segment of men’s grooming. This franchise concept is the market leader in its segment nationwide.
LocationType of Location: Strip Center
Lease Expires: May 31, 2023
Option: 5 year renewable
Monthly Rent: $3,089
Square Footage: 1260
This business is located in a 1,400 sf facility in a strip center in the upscale Peninsula Community.
Last Updated: Feb 10, 2021 / 2:28 PM
Financial Information Current As Of: Oct 9, 2017 / 12:51 PM