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Profitable Hair Salon in Upper Middle Class Community

Hartland, MI
Asking Price:$70,000
Inventory:$6,500
FF&E:$10,000
Gross Revenue:$354,000
Rent:$3,415/Month
Established Year:2002
Listing ID: 2267922Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turnkey Operation with Significant Growth Potential in Prime Location

This well established and profitable Fantastic Sams Franchise Hair Salon has been a staple in the Hartland community for years, offering high-quality services to a loyal customer base for the past 20 years. The 1500 sq/ft space resides in a highly trafficked retail shopping center just off the highway exit on the main road in town. Neighboring restaurants and retailers include Hartland Brewing Co, BlackRock Bar & Grill, Anytime Fitness, Target, CVS, and several banks. As a result of this prime location, this salon benefits from a high volume of walk-ins and consistent repeat clientele. The top 20 performing franchise locations generate between $55,000 to $85,000 per month.

This turnkey operation includes:
- Six seasoned part-time hair stylists
- Nine fully equipped hairdresser stations
- Three hair washing stations
- Three hair drying chairs
- A welcoming reception desk fully equipped with computer and phone
- A dedicated lounge section equipped with entertainment and designed for walk-ins, guests of clients, and upcoming appointments.
- Retail shelves and displays for high-margin products and merchandise
- A managers office that comfortably fits a large desk and additional seats for closed-door meetings
- A spacious and dedicated color room
- A single bathroom
- Washer / Dryer
- A break room with additional storage
- A large database of current and previous customers

DETAILED INFORMATION
Location
Hartland, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There are three more years on the current lease. In addition to the furniture and equipment, there is more than $6,000 in inventory. The last renovation was in 2019 and included new floor mats, paint, coat racks, chairs in the waiting lounge, and a new washer and dryer. The typical initial investment to start a new location can range between $150,000 - $332,000. However, this location has everything ready for a new owner.
Competition
The salon has established premium pricing that is higher than the standard franchise rates, which reflects the upper-middle-class demographic and demand for high-quality services, including color treatments and specialized hair care. Additionally, the Fantastic Sams Franchise grants immediate access to a well-established brand with continuous success and a proven business model. The location resides amongst local restaurants and retailers and large national chains with ample parking spaces available for clientele.
Growth & Expansion
2023 revenue results was $354,605. The guest count was 9,852 (16.5% repeat customers). 2024 projected revenue will be approximately the same. An owner who wants to focus on increasing customer volume by adding 4-5 additional hair stylists will realize immediate revenue growth. This is because the current owner prefers a moderate volume of customers with a smaller team of stylists and primarily focused on increasing revenue per client (rather than increasing clientele).
Support & Training
Fantastic Sams offers thorough training programs that cover everything from hairstyling techniques to business operations. The current owner is willing to stay on as an employee for a period of time in order to deliver a seamless transition operationally and provide additional training & support to the new owners.
Reason for Selling
The owner is now a grandmother and has decided it's time to retire in order to s
Franchise
This business is an established franchise
BUSINESS LOCATION
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Jay Cummings
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Jay Cummings
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