Franchised Hair Salon

Denise Shuey
Nicholasville, 6 miles from Lexington
700918435
Services: Hair, Nails, Spas, Tanning
$98,000
2004
6
$175,200
Not Disclosed
Not Disclosed
Not Disclosed
$175,200, Gross profit margin is 91%.
$7,000
Not Disclosed
 

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Reason for Selling:

Illness in family

 

Overview of the Business:

Fantastic Sams is one of the largest full service hair salon franchises in the United States. As a full service salon, Fantastic Sams fills a large niche that no one else is exploiting. With low cost single service providers on one end; and expensive independent salons on the other end; no one but Fantastic Sams fills the large gap in the middle-the full service salon at reasonable prices. This is so important in todays economy as the hair care business is recession resistant and immune to technology and other competitive forces. This salon has a very loyal clientele with a repeat guest count of 80%.

 

Property Features and Assets:

1,300 square feet with 8 stylist stations, three shampoo bowls and three dryers. Rent is $1,540 per month and leased. Lease expires August 2010 and renewable in 3 year increments. The shop is located in a shopping center with Office Depot as the anchor and across Main Street from Wal-Mart. We are located in between a restaurant and a bank which results in high traffic volume and exposure.

 

Additional Details: