Hair Salon Franchise

Since opening in December of 2006 monthly sales have increased from $2,840 the first month to the August high of $9,692. By the end of 2007 the monthly sales are expected to be above break even. This is a very good start for a new salon in a growing area. As one of the countries largest full-service salons, this well-known franchise attracts clients through national and local advertising, branded products and lower cost services. Michigan s cost conscious customers looking for good quality salon services at lower prices are leading to increasing sales. Investor buyers are offered excellent support systems, proven methods and favorable multiple store pricing. Stylist buyers can increase their earning potential by working on customers. With new salon start up costs ranging from $100K to $230K why not consider this purchasing this growing business?

Facilities: The 1,239 sq. ft. salon has 7 styling stations and chairs, 2 chair dryers, 3 shampoo bowls, a music system, lobby furniture, salon POS system, display shelves and a central vacuum system. It is located in new strip center with great traffic flow but many empty store fronts until recently. Foot traffic is good but is expected to increase with the new tenants on each side. The gross monthly lease is $2,037 and expires 10/29/2008.

Competition: Hair care is a 59 billion dollar constantly growing industry. Trends indicate by 2012 more women and men will be visiting salons on a monthly basis. This brand offers solid proven systems keeping them ahead of the competition.

Growth/Expansion: The franchisor encourages growth through multiple store ownership. Since the salon is already trending upwards, a buyer should carefully evaluate changes. Areas for possible consideration are; increased advertising and hiring more experienced stylists. More tenants will also help to increase profits.

Financing: None available

Support/Training: Seller willing to assist the buyer for a two week period. The franchisor requires two courses; Fundamentals for Owners and Salon Management 101. Technical education for stylists is also available. All training is available locally.

Reason Selling: Personal Family Reasons