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Mens Upscale Grooming Salon - Rare Opportunity!
North CarolinaListing DetailsOffice ID: HAIRCUT2
Status: Active
Listing Broker: Joe Vagnone
Listing Price: $364,000
Gross Revenue: $425,036
Cash Flow: $91,750
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: 2005
Last Acquired: 2012
Form of Ownership: LLC
Employees (full-time): 3
Employees (part-time): 3
Managers: 2
Business Hours: 9 am – 7 pm Mon.-Fri., 9 am – 5 pm Saturday, 12 pm – 5 pm Sunday
Summary
Business Description:
Having served the gentlemen of the upscale Ballantyne Charlotte area since 2005, this profitable men’s grooming salon has enjoyed consistent growth. With its prime location near the Ballantyne resort and large corporate center, this business caters to those white- collar professionals, offering hair care and grooming services specifically tailored to meet the needs of their clients. A few of the advantages to owning this franchise would include: • A 12-year established clientele • Prime, upscale location • Beautiful, clean, comfortable facility • Excellent published reviews • Excellent management and staff already in place • Franchise consultant support at no additional cost • Owning a franchise that has been named to the exclusive Entrepreneur-Franchise 500 in 2017 This business is perfect for a new, fully engaged owner to take it to the next level. This rare business opportunity will not last for this successful salon with an exemplary reputation, and includes an opportunity to pick up a new franchise location!
Historical Summary:
Business was established in 2005, and the current owner began in 2012, as an asset purchase from previous owner.
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 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
Real Estate for Sale: Yes
Lease Expires: Nov 14, 2022
Monthly Rent: $3,887
Square Footage: 1200
Facilities:
This business enjoys a fabulous location near the Ballantyne resort and large corporate center, with plenty of parking and 1,200 SF of space.
Last Updated: Jul 17, 2018 / 5:22 PM
Financial Information Current as of: Oct 9, 2017 / 1:08 PM