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| Business Type: Mens Hair Salons |
| Industry: Hair & Tanning Salons |
| Minimum Cash Requirement: $20k |
| Total Start-up Investment (cash plus financing): $125k |
| Minimum Net Worth: $175k |
| Business Location: Store Front |
| Market Class: Business to Consumer |
| Business Model: Multi-Owner/Semi-Absentee/Master/Absentee Investor |
This concept is considered one of the premier providers for mens grooming in the country. Menessentials.com customers list this concept as one of the top 75 recommended salons in the United States. The media has described them as first class stylists, and a one-of-a-kind atmosphere for an overall exceptional experience; a cool concept that integrates the best stylists with a unique and relaxing environment and think Hooters, then think boxing, nows there this concept the next level in Mens hairdressing. With its sports / boxing theme, sports on all the monitors, full grooming services and attractive stylists, this concept drives repeat business and margins better than other walk-in hair styling concepts. One of the strength's of this concept is the economic build-out cost. This allows you to build more units for faster expansion. This business' complete turn-key build-out program is approx. $115 K- $125,000 based upon sq. footage, required demolition, etc. The most cost-effective method is retro-fitting an existing salon, costs can range from $45,000 to $80,000 based upon several factors. This is a turnkey business, where everything from site selection, lease negotiations, and build out are done by the franchise. This is a semi-absentee business model, where owners are not encouraged to spend much time in the store. A manager is hired to run the operations, and the owner manages the manager. Some business highlights:
Competitive Landscape What makes the concept successful vs. competitors is its upscale, national look & feel. A location can be build-out for under $85,000 if you do part of the work yourself (estimates include electrical, plumbing, & building contractors). A strong market advantage is that the mens market is growing at 12% annually, thats more than two times the rate of the womens market. Owner Profile Franchises are awarded to individuals who are committed to learn how to operate their own business, and dedicated to working hard in order to achieve success. If you enjoy working, having fun, meeting people and learning, this may be a great concept for you. If this business looks to be a fit for you and if you are serious about self-employment and finding a company that matches your "ideal model," please click below and fill out the contact form to have one of our industry experts to help you identify one of our "pre-screened" companies that fit your unique skills and lifestyle goals. |
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