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Portfolio Opportunity in Lash Extension/PMU

Worcester County, MA

Seller Financing Available

listing image
Asking Price:$350,000
Inventory:$5,000
FF&E:$10,000
Gross Revenue:$867,000
Rent:$3,500/Month
Established Year:2019
Listing ID: 2317622Listing provided by BizBuySell
BUSINESS DESCRIPTION

2 Location Deal - Plus Opportunity to open a 3rd

High end luxury brand with two gorgeous salons that will make you proud! Plus you will have the opportunity to increase your revenue and build synergy by opening a 3rd location. This well established business has a great reputation and is membership based with over 230 existing members, 11 trained stylists and ~65k in monthly top line revenue. Membership revenue is ~$35k per month. Locations are ideal (lots of foot traffic) and rents are reasonable! The locations are close enough that we have both client-scheduling and staffing synergies. My goal is to set the next owner up for success and will help make sure there is a smooth transition.

DETAILED INFORMATION
Location
Worcester County, MA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
31/01/2030
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There are two very luxurious salons built out with all high end finishing. In addition, the price includes a franchise license to open a 3rd location. (Pictures available for serious buyers) There are 5 beds in one salon and 8 beds in the other. The beds are top of the line and retail for >$3k each. The 8 bed salon also has a built out permanent make up room, office and employee breakroom and 2 bathrooms.
Competition
There are no dedicated eyelash extension salons in the area.
Growth & Expansion
We just started with permanent make up and this is an avenue that can be grown significantly. Also, the franchise is owned by HTT brands and there are co-branding opportunities. The biggest growth opportunity is to open a 3rd location that supports the existing two locations. Multiple locations that are within driving distance allows you to book clients for availability in any location.
Financing
I need $140,000 down and can work out terms for the rest
Support & Training
I love my salons and I love my staff and I want them to maintain the success and reputation that I built. I will be available to train and support in whatever way is needed. There are also two strong managers in place that know how to run the day to day of the businesses. Also, since it's a franchise, you will have the support of an FBM and the other owners.
Reason for Selling
My husband is retiring early due to health and we are moving out of state to be
Franchise
This business is an established franchise
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Kathleen isabelle
Phone Number
Kathleen isabelle
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