Listing Number: 76931-870781
This is a rare opportunity to acquire a profitable 3-unit collection of the nation’s leading men’s and boys’-focused hair care franchises in the Greater Houston region. In 2021 this franchise ranked in the “Top 20” of Entrepreneur’s “Franchise 500" and is sold out of territories across the entire Greater Houston region.
This franchise has systems and processes put in place to operate as a semi-absentee / fully absentee ownership and the franchise is constantly staying ahead of the competition and always looking for ways to innovate, improve, and grow so that their franchisees are successful.
The owner currently spends approximately 5 hours a week managing these 3 locations but has very little involvement in the actual day-to-day operations. With over 30 employees and managers at every location, these stores are running effectively and efficiently without the involvement of the owner while generating an EBITDA of about $300,000 annually, pre-COVID. 2022 has been off to a strong start and seller expects business to be back to pre-pandemic levels or better.
The cost to build 3 locations from the ground up could cost approximately $800 thousand and you start with zero cash flow. During the pandemic, when the economy began to open back up the very first place millions of Americans went, was to get their hair cut! To this day, many salons are booked, and things haven’t slowed down. This is a testament to how important haircare is to society.
If you’re ready to join a multi-billion-dollar hair salon industry that has been recession-resistant and pandemic-resistant this may be a good opportunity for you.
For any buyers that are interested, we will require a confidentiality agreement and a buyer profile to be completed before sharing any additional information.
- Price: $ 1,600,000
- Down Payment: $1,600,000
- Sellers Discretionary Earnings: $ 302,386
- Total Sales: $ 1,136,332
- Location: Montgomery County, Texas
- Inventory: $ 0
- FF&E: $ 400,000
- Employees: 30
- Reason for Selling: Other opportunities
- Category: Beauty/Personal Care