OFF-MARKET-Franchised Hair Salon for Sale! – (Torrance, CA)

$180,000$367,078

Description

OFF-MARKET PRESENTLY

Franchised Hair Salon in Torrance, CA! – Excellent Location!

Torrance, CA – (Los Angeles County)
Zip Code 90505
Asking Price: $180,000
Cash Flow: N/A
Gross Revenue: $367,078
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Lease Rate: $5,500 /SF/Month
Established: 2004

Business Description – (Franchised Hair Salon for Sale

Franchised hair salon in the city of Torrance, located in a high traffic complex next to two big-box retail stores, several restaurants and a couple of banks.

Fantastic location – close to the upscale communities of Rolling Hills and Palos Verdes Estates bringing opportunities to attract high-end customers.
Established in 2004, the current owner purchased the salon in 2011 as a secondary business and has since modernized the salon’s style with a contemporary build out.
Pictures are available with NDA.
The stylists who work there are very nice people, who bring in repeat clientele. An owner who does well-filling chairs and managing expenses will see a boost in revenue and potential to take the salon to the next level.

Detailed Information

Facilities: Turnkey buildout, no TI will be needed upon a change of possession.

Competition: Some, but the location of this one is outstanding.

Growth & Expansion: Buyer with branding experience could grow customer base with targeted social media, neighborhood advertising and support of community events.

Support & Training: 4 weeks at 20 hours per week.

Reason for Selling: Other business interests.

Industry Trends

US hair care services industry includes about 80,000 establishments (76,000 beauty salons; 4,000 barber shops) with combined annual revenue of about $20 billion. Small companies can compete successfully by offering superior service or securing favorable locations.

Trends: Salons are investing in technology tools to help boost sales, including new point-of-sale software systems and analytic programs that track stylish performance and customer purchasing trends.

Other advances include mobile check-in capabilities for clients and tablets for stylists that facilitate scheduling and access to records of clients’ previous visits.

Stylists are increasingly texting clients with appointment reminders and confirmations to avoid no-shows.