Company Overview
Emerald Coast
Three upscale hair salons located on the beautiful Emerald Coast are for sale as a package. This well-known franchise, established for nearly 50 years, provides excellent support to the franchisee. The buyer does not need to be a trained hairstylist.
The first salon was established over 22 years ago, the 2nd 10 years ago, and the 3rd 7-yrs ago. The numbers listed are consolidated, but separate financial records are kept for each location. The business is turn-key, profitable, and truly checks “all the boxes.” The business offers:
- Outstanding locations, upscale with first-class decor
- All Stylists are W-2 employees with a bonus plan.
- Positive growth & profitability for 22 years
- Facilities are in excellent condition
- Owners benefits 105k
- The owner works an average of 20-25 hrs./wk. and is not a stylist
- Seller financing
- Transition training at no charge
- Meticulous books and records and more!
General Information
Year Established: 2002
Employees: 18-20 w/ mgr. for each salon.
Facilities: The salons are in ideal locations. They occupy approximately 1,200 sq. ft. and have ample parking. The facilities and décor are upscale.
Market Outlook
Growth Expansion: This business has seen steady growth with consistent cash flow for the past several years, even during COVID-19. The current owner does not service clients. A working owner/stylist can increase their earnings by servicing their own clientele.
About the Sale
Training: The seller will provide sufficient training to ensure a smooth transition at no charge.
Reason for Selling: Seller is retiring.
Financial Summary
Asking Price: $245,000
Revenue: $1,020,000
Cash Flow: $105,000
Real Estate: Long-term leases available
FF and E: $25,000 (incl in sale)
Inventory: $15,000 (incl in sale)