Business Summary:
THE COMPANY
This explosive Hair Salon Franchise targets men and boys by offering a great hair cut experience and unique "just for guys" services in an exciting sports environment. You won't smell perms or nails or find any of the gossip magazines without the women’s salon and attached services in a sports-themed environment. Since 1995 SportClips® Haircuts has become one of the fastest growing franchises with over 400 salons throughout the country. SportClips® was recently featured in Entrepreneur magazine for growth and quality of product. The owner located both franchises in highly visible, high traffic areas with easy access. Open for over two years, the Idaho Falls franchise enjoys positive cash flow. Pocatello has completed one full calendar year and has created a solid customer base and is almost at breakeven. 2008 is expected to be a strong year for both locations.
THE LOCATION
The “build it and they will come” concept from the movie Field of Dreams has been happening for SportClips®. Haircutting is a $50 billion industry that has been almost exclusive for women and salons; SportsClips® breaks the mold with high entertainment and services designed specifically for men and boys at affordable prices. The two franchise locations have high exposure, professional signage and are now destination locations for gross sales of nearly $400,000. Both are strategically located in growth markets and provide a proven profitable system.
THE STRENGTHS
Men and boys are the customer base in this unique sports environment featuring five televisions per franchise all tuned to sports with stadium seating during the session. The customer doesn’t just come to get a trim but a neck and shoulder massage, facial steamed towel, massaging shampoo in a great environment for the same price as the old barber or at a discount from the salon. It is like a spa for men at a great price! The growth and acceptance of the business and concept is growing from word of mouth and strong, repeat customers.
THE REASON FOR SELLING
The current owner purchased SportClips® understanding it would take two to three years of operation to realize a stable return and actually is pleased with the performance. An an unexpected career opportunity has required him to relocate too far away to effectively oversee the operation of the business. The Owner realizes that without stable historic financial information, his company will need to be discounted. Interested parties need first to be approved by the franchise and then the owner will offer full disclosure. The offering is motivated and discounted below the cost of buying new and starting up the franchises.
THE IDEAL BUYER
SportClips® is a successful franchise and has specific requirements that will have to be approved prior to acceptance from the current owner, which can be discussed in more detail with submittal of a Confidential Agreement. This is a strong listing that has weathered the critical start up costs. If you have an interest, please do not contact the personnel on location. Over the last two years the owner has been building the team, process, advertising, and customer base. The owner travels from location to location and operates both as separate profit centers with managers. The business does not need or require day-to-day ownership involvement.
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