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Hair Cutting Franchise Area Developer

Asking Price $450,000.00
Initial Capital
Year Established
About Fees, Royalties and other Obligations:
Business Type
  • Hair Salon
This leading hair cutting franchise is looking for Area Developers to open Three Salons in Michigan. You will receive a discounted franchise fee for a three salon license. Veterans receive an additional discount.

This franchise has been offering franchises for the retail operation of stores since November 1995. The model grew from recognition that the old style barber shops were going away and that there were no locations that offered a well executed haircut at a decent price for guys. We developed the model to fit this need. We currently have over 700 stores operating across the US with 1000 licenses sold and approximately 300 franchisees.

The model is based on multi-unit ownership with our franchisees continuing to work at their full time careers as they build out the units. Typically, they will acquire 3 licenses. They are purchasing a business that allows them to have business ownership while they maintain their careers. When they do transition out they are still typically only vesting 12 to 15 hours per week on the business as it is a turnkey operation. We assist with the recruitment of the stylists and offer the staff training and ongoing operation support on an ongoing basis.

Features of business: Semi Absentee business where men and boys receive a well executed hair cut a reasonable price while watching sports on TV.

Function of the owner/daily tasks: Manage the Manager and primary function market business in local area. Owner will keep their full time job. Will focus on managing their managers and using the tools developed through a strong marketing department to educate the consumer about the services.

Desired background of prospects and Ideal candidate: Strong managerial and communication skills. Enjoys working with and developing people and marketing their store. This is a people business. Franchisees will work with the manager and oversee multiple units. Primary responsibility is to market the business and drive sales.

Buyers must have a minimum net worth of $500K.

The information contained in this ad does not constitute an offer to sell or award a franchise. Such an offer can only be made in compliance with applicable disclosure laws. Offerings are made by Franchise Disclosure Document only.
Business Details
Location and Facilities: Three salons are built per agreement over a period of years. Franchise fee is due upfront while payment for each salon is due when constructed for about $150K each.
Support/Training: In-depth, values-based training for franchisee, manager and all stylists, before and after opening. Lots of ongoing support.
Market Information and Position: Very strong brand name with over 700 salons open. Unique concept from the competition focused on men and boys.

Franchisees realized a 10% same stores sales growth in 2011 vs. 2010, with 6% client growth. Up 10% again this year over 2011. Lots of room for additional salons.
Reasons for Selling:
We can help unlock your 401K. Lenders love us - over a 10 year period Franchisees have defaulted on less than 3% of the SBA Loans they have been granted. No Franchisee has ever been turned down for financing for their first store!

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