Profitable Franchise Hair Salon in L.A. County
Asking Price: | $99,000 |
Gross Revenue: | $311,948 |
Rent: | $4,675 |
Established Year: | 2018 |
Cash Flow: | $65,133 |
Inventory: | $3,000 |
FF&E: | $25,000 |
This established franchise hair salon specializes in convenient, affordable haircut services. The location is on a busy well traveled highway, surrounded by the upscale communities. The franchise hair salon customer base skews heavily (70%) male, and the locations get a great deal of both walk-and appointment traffic. Their services include haircuts, shampoo, style, and trim (bangs, beard, or neck).
This hair salon is located in a popular neighborhood center, which includes a Ralphs grocery store as well as the typical tenants including food, dry cleaners, nail salon, beauty supply, dentist, and urgent care. The store has 7 styling stations and 1 shampoo bowl. There is a single restroom, a small back office (which includes a sink, stacked washer/dryer, owner’s desk, and storage), as well as a back door for rear deliveries. The franchisor offers comprehensive marketing, training, and operational support.
The current owner remodeled this location (formerly a hair salon) and opened in late 2018, a little over a year prior to COVID shutdowns. He never truly re-engaged in actively managing this location, as he has other businesses. He’s realized that the store needs a dedicated, growth-minded owner-operator, and so is looking for a successor to take it to the next level. This presents a remarkable opportunity for an owner-operator to step into a location that is already profitable, at less than half the $200k startup cost, with no construction headaches. Plus, the owner already has a well-trained staff -- a marketing and advertising minded owner can grow substantially from here!
For individuals already employed in the hair care industry looking to own their own store, or entrepreneurs growing through acquisition, the hair salon is an excellent opportunity. Interested parties are urged to act swiftly to seize this opportunity and acquire this business.