Turn-Key Franchised Hair Salon – Rare Opportunity – Motivated Seller

Santa Cruz County, CA

Turn-Key Franchised Hair Salon – Rare Opportunity – Motivated Seller
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Asking Price: $77,000

Cash Flow: N/A

Gross Revenue: $293,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $4,703 per Month

Established: 2007

Turn-Key Franchised Hair Salon – Rare Opportunity – Motivated Seller

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Business Description

This salon represents a unique opportunity to acquire an established high-quality hair salon in Santa Cruz County to meet the hair care need for high style services for men, women, and children at a highly discounted price. This franchise is a well-recognized brand for high quality hair care service.

Seller has invested $170K in the business and facility. To start a new salon now requires an average of $200K start-up cost. This turn-key business is priced to sell for a fraction of the original cost. The seller has spared no expense in building a facility that features quality and value.

This salon makes sense for an accomplished hair care professional who knows how to manage team members and who wants to run their own business. Many hair salons are starting to enjoy a return to pre-covid sales, and this location is well-poised to participate as well.

Seller has hired two full-time and one part-time hairdressers. They only utilize a fraction of the facility. The facility can serve up to 7-10 clients at the same time. The new owner can hire more help to grow the revenue quickly, and choose to hire them as employees or rent the chairs out to sub-contractors.

Asking Price Justification:
For this business, the asking price is one third of the investment a new franchise owner would need for a new salon. There is an established book of clients coming with the business. The immediate neighborhood is primarily residential with middle class families. Clients for this salon are generally long-term customers living in the neighborhood. Seller has numerous customers in its database. Seller has not done marketing. For the new owner, with a new marketing campaign, there is great potential for the revenue growth. With business returning to normal, the demand, which had never left, can now be serviced. Once again, this is a great opportunity at a great price!

Attached Documents


Detailed Information

Location:
Santa Cruz County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
956
Lease Expiration:
N/A
Employees:
2FT 1PT
Support & Training:
Seller will train new owner
Reason for Selling:
Pursue other interests
Business Website:
http://sunbeltbayarea.net/sb770/
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Helen Liu

Business Listed By:
Helen Liu, DRE #02105494

Sunbelt, Greater Bay Area

Memberships & Certifications:
The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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Ad#:1874130

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