Listing Number: 76931-956108
This blow dry bar business is one the top salon franchises available in the country, and it is a brand that is growing exponentially with locations all across the country and in Canada. The brand coined the term “blow dry bar,” which is a salon concept that offers no cuts or color but provides gorgeous blow outs, custom styling, updos, bridal styling, makeup services and even hair extensions. The stylists are paid hourly vs. a commission-based system, and at a successful location, licensed stylists can make up to $28-30 an hour. With some owner involvement, there is no need for full-time management, but the business does benefit and grow with a qualified front desk receptionist/supervisor. Any stylists who are promoted to supervisory positions can continue to generate revenue. Sales in 2021 were right at $110,000, so it won’t be a “starting from scratch” for a new owner. A buyer will need to build the business of course, but there is a good foundation and excellent operations and marketing support from the franchisor.
At a $60,000 price tag, any buyer could get this stunning business in its perfect location for approximately ¼ of what it costs to open a brand-new franchise of this blow dry bar. The business is situated in a busy, high-end and trendy shopping area, and the modern buildout of the salon is practically new. Any potential buyer could invest in marketing and hiring to see the revenue and profitability increase dramatically depending on how many stylists and makeup artists are hired and by including additional services like hair extensions. A salon this size in the franchise can generate 3 to 5X this location’s annual revenue. The salon was built out in 2019, and all furniture, fixtures and equipment are in excellent condition, and the custom millwork alone is worth well over $55,000.
- Price: $ 50,000
- Down Payment: $50,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 109,584
- Location: Lake County, Illinois
- Inventory: $ 7,500
- FF&E: $ 75,000
- Employees: 3
- Year Established: 19
- Reason for Selling: Other opportunities
- Category: Beauty/Personal Care