Well-Known Family Hair Salon

Listing Number: 76931-233203

Description

This is a unique opportunity to acquire an open unit of the premier family haircare services franchise in the United States. This franchise has consistently ranked in Entrepreneur’s Franchise 500 and is the salon industry leader for haircutting, styling and related product needs. This unit is located in an established retail strip center in Northwest Houston, with strong demographics and projected population growth.

This location was originally opened in 2019 and performed very well pre-COVID (monthly revenues approximating $18,000-$20,000, per Seller). Given the substantial growth opportunities already built-in at this location, Seller believes it is primed to achieve strong results under new ownership. For example, this location has a solid team of existing stylists and 7 open chairs for new stylists to come on-board and generate incremental revenues. Additionally, this location is currently closed on Sundays and Mondays – two prime days for haircutting and related services. There are ~2.5 years remaining under the current lease, with reasonable monthly rent payments and a 5-year renewal option.

The average investment costs to build-out one of these franchise salons from the ground up would approximate $230,000, according to the franchisor disclosure documents, without any existing clientele, staff or cash flow. This salon is priced at less than 30% of average build-out costs, and it could be an ideal investment for a growth-oriented investor or an owner-operator with a passion for helping families with hair styling and coloring services. There is also potential flexibility for an outside buyer wishing to acquire and re-open this location as a non-franchise salon.

Listing Details

• Price: $60,000
• Down Payment: $60,000
• Sellers Discretionary Earnings: $-41,404
• Total Sales: $77,767
• Location: Harris County, Texas


• Inventory: $6,400
• FF&E: $25,000
• Employees: 3
• Reason for Selling: Pursue a new investment opportunity
• Category: Beauty/Personal Care