Men's Grooming Franchise in Northern California SC2072

, California 6 views 0 favorites

Financial Highlights
Asking Price
$174,999
Revenue
$200,000
Business Description

This Northern California based Mens Grooming Franchise is a California Limited Liability Company and has been in operation since the end of 2019. Services include premium and classic haircuts, head shaves, face shaves, skin treatment, beard grooming, coloring, manicures, pedicures, and hair removal. Included with the sale are two franchise licenses, each with approximately 8 years left on the license and both located in the same city. Only one license has a physical location, the other license would need to be built out and established. Complimentary alcohol is served to guests as well to give that "man cave" relaxing setting. Competition Description Male grooming has expanded in recent years since it has been trendier for men to receive services at locations. The men’s grooming products market was valued at $55.2B in 2020 and is expected to grow at a rate of 4.3% annually over the next 5 years. This market is primarily driven by the increasing consciousness among male consumers about personal wellness and appearance. The largest market is in North America. Personal grooming boosts confidence and defines your personality. Growth / Expansion overview This business has a loyal following even though they have been in operation a short time. Growth can be obtained through increased marketing in the local market and with the addition of qualified employees experience in barbering (even if not experienced, training can be provided). Expansion is possible by building out the second licensed location. Support / Training Comments The Seller is willing to train the new Owner for up to 2 weeks at 20 hours per week. Extensive training is provided by the Franchisor. Reason For Sale Seller's would like to pursue other ventures Home Based: No Year Established: 2019 Franchise: Yes Year Acquired: 2019 Willing to Train: Yes Relocatable: No Required Licences: Business License Is Property Leased: Yes Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Real Estate Asking: N/A Days Open: Wednesday-Sunday Hours Open: 11:00am to 6:00pm Full time Employees: 2 Part time Employees: 5 Is Management Staying: Yes Distressed: No Monthly Payroll: ON REQUEST Building Size: 1,250 sq. ft Monthly Rent: $4,914 Lease Expires: 12/31/2023 Lease Miscellaneous: CAM of $1197 included in total monthly Location: Placer County, California Year Established: 2019 Number of Employees: 7 Real Estate: Leased Building Sq. Ft.: 1,250 Rent: $4,914.00 Per Month Lease Expiration: 12/31/2023 Facilities: Building Size: 1,250 sq. ft. Monthly Rent: $4,914 Lease Expires: 12/31/2023 Lease Miscellaneous: CAM of $1197 included in total monthly Is Property Leased: Yes Real Estate Available: No Real Estate Included: No Website: www.sunbeltnetwork.com/sacramento-ca/buy-a-business/listings/listing-det Market Outlook/ Competition: Competition Description Male grooming has expanded in recent years since it has been trendier for men to receive services at locations. The men's grooming products market was valued at $55.2B in 2020 and is expected to grow at a rate of 4.3% annually over the next 5 years. This market is primarily driven by the increasing consciousness among male consumers about personal wellness and appearance. The largest market is in North America. Personal grooming boosts confidence and defines your personality. Growth & Expansion: Growth / Expansion overview This business has a loyal following even though they have been in operation a short time. Growth can be obtained through increased marketing in the local market and with the addition of qualified employees experience in barbering (even if not experienced, training can be provided). Expansion is possible by building out the second licensed location.

Business Details
Industry:
Beauty & Personal Care
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 21, 2022

Updated: 1 week ago

Views: 6

Favorites: 0