Absentee-owner, Profitable Lice Removal Franchise in Collin County!

This is a premier health service franchise located in the posh and upscale neighborhood of Collin County, TX. This facility strives to provide the best lice and nit treatment solution to its customer, a job very few want to do out of fear to catch lice themselves. Having lice in hair means you cannot attend school; you will be refused service at hair salons and people will start avoiding you. This business was established in Y2015 by its initial owner; the current owner purchased the business in April 2019. The business was highly profitable before COVID-19 pandemic slowed down the business considerably in 2020 and 2021. Although the revenue and profitability has dropped in 2020 and 2021 due to pandemic, the business is poised to grow rapidly in 2022 as COVID-19 vaccine is administered to general population and schools have opened up for in-person attendance. The current owner is selling the business to pay attention to his multiple other ventures and would like to handover this business to a new and energetic entrepreneur who can take this business to the next level. The buyer is expected to profit handsomely from this deal. The buyer does not need any special license to own this business. Location: Collin County, Texas Year Established: 2015 Number of Employees: 2 Real Estate: Leased Building Sq. Ft.: 1,100 Rent: $3,329.28 Per Month Lease Expiration: 4/30/2024 Facilities: This business is housed in a spacious and well-equipped office located at an affluent neighborhood in Collin County, TX. The facility has a covered area of 1,100 sq. ft. and monthly rent of $3,329.28. The current lease expires in Apr 2024 but tenant has an option to extend the lease for two more 5-year terms. Market Outlook/ Competition: Although the lice removal industry is competitive, the franchise in general and this specific location in particular has established a great reputation and goodwill among its clients. This franchise has a unique model which is very popular and that is evidenced by its strong financials before the pandemic slowed it down. Growth & Expansion: The current owner is not able to pay any attention to this business due to his several other ventures. This business is being run essentially as an absentee-owner outfit right now. A new owner can direct sales and marketing efforts to further increase revenue. There is a huge potential for growth in this industry. This business can’t be outsourced overseas.