Price: $2,225,000
Location: Denver Metro area
Industry: Hair Salons and Barber Shops
Listing ID: 42060401
Listing Status: Sold
Three high traffic locations of a major franchise brand in the salon suites segment available for sale in the greater Denver Metro area. This is an extremely profitable opportunity! This is the perfect opportunity for entrepreneurially-minded individuals who want to either grow their current business portfolios or explore franchising as a business option. Franchisees enjoy the benefits of a proven franchise system and semi- absentee business model with few to no employees. Key responsibilities include leasing individual salon suites to independent beauty professionals, including hairdressers, estheticians, barbers, nail techs, massage therapists and other service providers - most franchise owners have no prior salon experience. The salon industry is stable, and within that, the salon suite sector is growing. This franchise is a well-known, reliable brand in this industry.
The three locations range from 4,083 square feet to 5,822 square feet with suite counts ranging from 21 to 30. Occupancy rates are high at 99%, 92%, and 86% for the various locations. The locations were opened over the past few years starting in 2018, and the last one opened in 2022, so it is still growing. Beautiful finish out, top quality, fully furnished suites, and a great amenities package position any owner for top performance in the marketplace. Annual revenue per location ranges from $251K to $443K! A part-time manager is in place overseeing the 3 locations, providing the current owner with freedom from day to day oversight.
This is one of the leading franchise brands in the Salon Suites segment, providing a great investment opportunity for semi absentee ownership.
Revenue $1,081,350
Owner earnings $490,000
Asking price $2,225,000
Down Payment: N/A
Total Sales: $1,081,350
Cash Flow: $490,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $1,844,463
FFE Included: Yes
Inventory: N/A
Inventory Included: Yes
Lender Pre-Qualified: Yes
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A
Franchise: Yes
