Last Revised: 9/18/19. Posting #: 246387
Key Words: salon, franchise, hair, hair salon, beauty, beauty salon, nails, pedicure, manicure, nail salon, waxing, san diego, absentee
Financial Info: Price: $145,000. Down: $100,000. Adjusted Net: $61,217. Annual Revenues: $389,618. Motivated seller, willing to assist a qualified buyer with advantageous financing.
Profile: Profitable Beauty Salon, Absentee Run, Location/Growth Potential
Incredible brand, this four year young resale franchise opportunity is strikingly beautiful from the moment you see the sign from the street. Services include hair, nails, makeup and wax. It does well with working women and others, from executives, lawyers, assistants and other professionals to stay at home moms, students, millennials, virtually anyone who wants to look their best. This profitable, turn-key salon is located in a fantastic central San Diego high density area. It is accessible by car, trolley or foot.
Proven, celebrity endorsed business model with invaluable systems all in place to foster success and opportunities for growth. The current owner is absentee and enjoys passive income while living out of state. The salon is currently operated daily by trained and qualified staff. There are currently thirteen total personnel. Alternatively, a new owner could choose to be hands-on as an on-site manager/stylist and enjoy a higher owner benefit.
This is a well priced offering that presents a fantastic and rare chance to become a successful beauty industry entrepreneur. Motivated seller, willing to assist a qualified buyer with advantageous financing.
Since this is a resale franchise offering, there is already an established client base of repetitive customers in place. In addition, the high density location caters to local residents as well as tourists and business travelers who consistently demand and seek out the offered services.
Some seller financing may be made available to qualified buyers.
This is a well known and sought after franchise brand. This resale location is one of 130 locations (and growing) across the country. It has been established and profitable for four years in San Diego. The current owner has only owned for one year and needs to sell due to a relocation out of state.
Competitive Overview: While the beauty industry is highly competitive, this brand differentiates itself by focusing on specific niche services and keeps up with latest style trends. Additional revenue streams are available through a range of other offered beauty services and carefully selected retail products. The brand also enjoys celebrity endorsements and benefits from a business model and support structure that is proven to drive success.
Potential Growth: The growth opportunities abound in this particular salon. For example, it already has the space and equipment set up for pedicures, manicures, lashes, and waxing. However, the salon is mostly selling hair services and has done really well just on that basis. It has not been focused on marketing of these additional complementary services. Any additional advertising a new owner would choose to do for such offerings will be a growth driver of future revenue and income. In addition, a new owner could add more retail product line offerings, which is a major contributor to bottom line results for any business.
The business has been rapidly growing and in 2018 the franchisor celebrated exceeding 100 franchise locations. That's 120% growth since 2016. This is an incredible, low-cost franchise opportunity that delivers a simple business model, intensive training programs, and ongoing support from the head-office team. No hair or beauty experience is needed to become a owner of this business. These concepts have poised the business more than ever for strong growth ahead.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: Escrow services to brokers & agents, owner/sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services.
Key Words: shalonda chappel-pilgram, town country escrow, escrow, bulk sale, bulk sales, escrows, liquor license transfers, lien search, lien searches, los angeles, orange, riverside, san bernardino, san diego, imperial
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
View All Related Resources & Advisors For This Posting
Profile: Luis de la Prida is a Managing Partner and Principal of The NYBB Group and NYBB Commercial Real Estate, Inc. He works closely with clients looking for an intermediary to represent them in the purchase or sale of a business or real estate with annual revenues of $5 million to $50 million.
Key Words: luis de la prida, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, health care, healthcare, flooring, contractor, salon, day spa, spa, dental, cleaning, dry cleaning, restoration, diagnostic imaging, medical, new york, suffolk,
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: When the time comes to sell your business, having a team of experienced professionals to represent you can make all the difference in the world as you work to successfully complete a business transaction. Jordan Green shares tips for hiring your most important professional, a business broker.
Key Words: selling a business, sellers, brokers, business brokers, seller representation, jordan green
Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
Profile: Beauty salons are a common business in the United States and get bought and sold daily, but
the process of both is not a perfected craft. To buy and sell a business, a value must be given to it and
that can get complicated with beauty salons. All salon buyers and sellers will want to read this blog.
Key Words: salon, salons, hair, beauty, nail, nails, spencer siegel, beauty salon, beauty salons
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Profile: The decision to sell your business is not always easy for business owners and is one that requires careful consideration. BizBenNetwork Senior Facilitator Manager Jordan Green breaks down the difficult decisions that business owners face to go out on top and avoid missing out on their final payday.
Key Words: jordan green, selling a business, sell a business
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