Franchise: Priced to sell! Fantistic Sams, metro area.

TYPE OF BUSINESS: Fantistic Sams franchise, metro area. This beautiful well established salon has been at this location for over 11 years. The present owner has owned the business since August 2015. The seller owns and operates another location, but because of family matters, she just doesn’t have the time to operate both businesses.  There are three shampoo stations, nine styling chairs, and two dryers. The business offers a full range of styling, color, beauty treatments as well as retail. Hours are Mon. – Fri.  9:00am to 8:00pm, Sat. 9:00am to 5:00pm and Sun. 11:00am to 4:00pm.

 

FACILITY: This is a leased facility in a very densely populated area with ample parking.  An anchor store has recently opened near this salon. Seller has started a large marketing program with this business. The 1,550 square foot space has a great open floor plan with large windows that provide excellent natural light. The rent is $3,000 per month which includes CAM charges. The lease expires in 2019 with a 5 year option.

 

EMPLOYEES: The business operates with 5 stylists, plus the owner who works less than 20 hours per week.

 

GROSS SALES: The gross sales for the past three years; 2016 were $189,662, 2015 were $199,227, 2014 were $257,332.

 

SALES PRICE: The business is offered for sale at $80,000 to include $58,000 in Furniture, Fixtures and Equipment (detailed list upon request) and $3,000 in Inventory.

There is a $7,500 Transfer Fee, buyer is responsible to pay.

 

REASON FOR SALE: The Seller owns another business and does not have the necessary time to devote to this business.

 

 

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Bill Kraemer

About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to indentify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 20 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 20 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.