Reason for Selling:

The owner is retiring

Overview of the Business:

This salon is one location of the largest full service hair care franchise in the United States with over 1,350 locations. The hair care industry exceeds $50 Billion per year, is growing, is recession resistant and is immune to technology. You do not need any previous experience in the hair care business. Training and support is always available from the Franchiser and is included in the cost of the fixed weekly fee. A fixed weekly fee, including advertising, is paid in lieu of a percentage royalty. This location has been established for 10 years with exceptional stylists and loyal customers. The owner has always been absentee so a new owner who is active in the salon could provide additional T.L.C. that would almost certainly increase salon revenues. This is a clean business that makes people feel better about themselves and there are no receivables to be carried on the books because all payments are made with cash or credit card.

Property Features and Assets:

The salon is located in a retail strip center. It occupies approximately 1,300 square feet. Rent is $1,438 per month including triple net charges. A new lease can soon be negotiated.

Market Competition and Expansion:

This hair care franchise has been ranked in the Top 45 of all franchises in the U.S. for 4 years in a row and has been ranked the #1 Hair Care Franchise by Entrepreneur Magazine in their annual Franchise 500 rankings. This salon competes with other national salon chains as well as the fragmented local independent salons.

Additional Details: