|
Pro-Cuts Franchise For Sale - Absentee, Profitable
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $182000
Net Profit / Cash Flow $23000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 4 - 5
Inventory 90000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller genuinely desires an effective business transition. Franchise training is 1 week in Minneapolis. In addition to the required training, Seller will train buyer for 2 weeks up to 5 hours (outside of his employment work hours) included with the pu
Reason for Sale Seller has full-time employment,
Description Company is a well-established franchised hair care salon offering haircuts, styling, hair color, shampoos and product sales to the surrounding residential neighborhood in Tarrant County, Dallas-Fort Worth Metro area. The salon is very visible at a busy intersection in a center adjacent to major retail and anchored by Fortune 500 store and across from a busy grocery Center. The seller is absentee and rarely visits his store. The store manager has been with the business since it opened and handles all aspect of operating the business. The owner works 4-5 hours per week from home doing administrative work for the store. He is able to remotely monitor the store on the internet through in-store cameras and the computerized point of sale system. Since 1982, Pro-Cuts has provided families throughout the South and Midwest with affordable haircuts. The company, which was founded by a family of professional barbers and cosmetologists, began franchising in 1984. In 2011, the salon had approximately 14,000 guests.
There are many reasons to own a Pro-Cuts haircare, franchise business under the franchisor, Regis Corporation including: 1. Unparalleled experience in the beauty industry, 2. 89 years in the salon business, 3. Almost $4 billion in system-wide sales, 4. $65 Billion a year industry, 5. Recession resistant, 6. Built-in demand, 7. Cash business with no receivables, 8. Technology resistant, 9. Cyclically stable industry.
The asking price of the business is $99,000 including $1,500 inventory at cost and $88,500 FFE (Furniture, Fixtures and Equipment). NOTE: The cash flow described below is based on an owner-operator acting as the manager. Franchise Fees: Fees include 6% royalty plus 5% national advertising (of gross sales). The purchaser will need to qualify for a Pro-Cuts franchise and pay fees associated with the transfer of the franchise. Franchise renewal is ~$2500 for 10 yr term. (Pro-Cuts = Procuts)
Click Here To Contact Seller
|
|
