This franchise is one of Canada’s most successful beauty products retailer with more than 100 locations cross-country. In addition to this, the franchise offers numerous beauty salon services to its clientele. This particular location of the chain has been a top performer in several categories. The business is staffed with a team of competent and well-trained staff; stylists in particular receive a comprehensive training program and continued education to ensure they are technically proficient and are on top of current trends. The hair salon has little to no direct competition in the area and has become a landmark destination for salon services and beauty products in the area. This business is a turn-key operation for an entrepreneur with a desire to open their own successful business. No previous business, stylist or retail experience is necessary as the franchisor will train the new owner and there will be a transitional handover period with the current owner.
This particular location was opened in 2008 and has since developed a very loyal customer base. Professional marketing agencies administer successful local and national campaigns that draw in more clients and increase revenues. Revenues are almost evenly divided between product sales and salon services. The store is located in a heavily trafficked area in the community which increases its brand awareness.
The owner is selling the business as she is looking to relocate. The asking price includes FF&E and up to $100,000 in inventory. Training and a reasonably negotiated transition period will be provided by the seller.
Asking Price: $ 395,000
For more information please contact:
Beacon Corporation, Brokerage
Revenue (2015): $ 744,000
Seller’s Discretionary Earnings (2014): $ 171,000
Furniture, Fixtures & Equipment: $ 116,000
Inventory (incl.): $ 100,000
Year established: 2008
Employees: 10 F/T
Size of Premises: 2,600 sq. ft.
* based on a projected estimate