Two Fast-Gorwing Franchise Kids Hair Salons in Prime Locations 001213
Two location high-end kids’ hair salon franchise with a license for a third location is available for acquisition. The first location is in a retail strip center anchored by a prominent fitness studio. The location of the first salon is surrounded by many businesses and retailers that provide products and services to the same demographics as this salon (Frozen Yogurt, Indoor Kids playground, Nail Salon, Hair Salon, etc). The second location is in a retail supercenter anchored by many prominent national retailers (the national retailers are targeting the same customer base as this salon and draw in an incredible amount of foot traffic) in one of the fastest-growing suburbs of North Dallas (This location will continue to grow at a very rapid pace, as more national retailers and businesses are being established in the retail supercenter to meet the influx of people migrating to the region as this suburb is known as one of the best places to live for families). The first location opened 3 weeks before Covid-19 and was closed for two weeks with a slow start during the height of the pandemic but is now established with 4.9 google stars and is operated by management and staff. The second location opened at the end of 2021 and has reached profitability shortly after opening and continues to grow as the community it serves continues to grow rapidly. This business is very suited for the demographics of the area as there are many families with mid to high income. These salons are specifically designed for kids with chairs being attached to automobiles, trains, firetrucks, and steering wheels to keep them entertained while getting their haircut. The salons provide haircuts to children and families, as well as shampoos, hair braids, detangling, and ear piercing. The salons are very profitable as all stylists are commission-based, and the products they sell have huge markups. A buyer with experience in the industry can increase revenue and profitability by choosing to be a stylist or hire more talent to attract more clientele and replace the party rooms that were designated for birthdays but are not utilized and convert to additional stations to meet the increasing demand in the area. Currently, there is some marketing, mainly from google and social media such as Facebook and Instagram, but additional marketing such as sponsorships of little leagues can help acquire new clientele from untapped markets nearby. This is an excellent opportunity for a buyer looking for an established business with experience in the industry to acquire a scalable business.
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Both locations are located in a retail strip center that is very suited for this type of business as it fits the demographics of the area. Fixtures, furniture, and equipment are in outstanding shape as these stores are still relatively new with the second store being not even a year old.
The first location does have a competitor within the immediate area but does not really apply as the business is much older and outdated compared to this one (The first location has an incredible 4.9 ratings on google). The second location is located in one of the fastest growing suburbs in the DFW metroplex and does not have a competitor within a 7-mile radius. The customers of this region have fallen in love with the high quality of service and concept and continue to grow at a consistent rate.
As the population keeps increasing the business will continue to grow organically from the influx of traffic. Opening the 3rd location (franchise fee is already paid for a 3rd location) will help dominate the geographical market. A party room for birthdays was installed but is not utilized, the new owners could remove the unused party room for additional stations to meet the increasing demand of the area.
100% cash at closing or 50% cash down with 50% SBA financing available for qualified buyers.