Listing Number: 76931-283548
Description
Seller Financing Available. This brand has grown to over 1800 locations in North America and was the first hair cutting franchise focused on men and boys to establish a footprint in all 50 states. However, territories are sold out in the Houston area due to high demand. The location for sale is in a high traffic area with strong demographics and a captive market.
Per owner's annualized P&L, sales were $378,000 in 2023 with $78,000 in adjusted EBITDA for an absentee owner or $112,000 in discretionary earnings for an owner operator. Included in the sale are $110,000 in FF&E and $165,000 in Leasehold Improvements. There are also 6 employees including 1 manager. The monthly rent is $5,240. The owner will provide 2 weeks of training to ensure a smooth transition. Franchisor training is also required.
The current owner spends about 5 hours per week supervising this business due to other business interests. As such, this is an excellent opportunity for an absentee owner as the business has an established team in place.
Also, there is a 2nd location available for sale that is listed for $295K with adjusted earnings of $125K if you're interested in multiple units.
Listing Details
- Price: $265,000
- Down Payment: $132,500
- Sellers Discretionary Earnings: $112,000
- Total Sales: $378,000
- Location: Harris County, Texas
- Inventory: $0
- FF&E: $110,000
- Employees:
- Reason for Selling: Partners want to sell
- Category: Beauty/Personal Care
