sevenseas

IN ESCROW WITH SALON FRANCHISE, MUST REACT IMMEDIATLY TO TAKE ADVANTAGE OF THIS DEAL. Just Beat their offer and it's yours. Call cell 310-971-1464 ASAP! Selling my 2 profitable salons. Total of 40 beds, which have an estimated ff&e value of 350k. In business successfully for 10 years at Frankfort location and 5 at Mokena. Both locations are in busy centers with ample parking. Both have major traffic over 20k a day. Total marketing revamp in 2007. Up 130% ytd in 2008. 1800sq ft and 4000 sq ft at other location. I have another sales job and recently have come into more money. I want to sell this because becoming to hard to juggle busy salon and busy job. Over 20,000 names in database because have been in business 15 years combined and are a recognized brand name in the area as we were the first and are still here. Over 10 salons within 5 miles have shut down in last year. Would be open to selling one location with name.

Facilities: Newly redecorated salon at both locations, modern constant compliments. Lease up in March 1 2009 at Frankfort. June 09 for Mokena, option to renew. 4k sq ft and 2k sq at Mokena.

Competition: Oldest salon in area, no other service, over 12 salons in area have closed in last 2 years since I took over.

Growth/Expansion: Add massage beds, room for it at FF store. Also expanding name as powerhouse on south side to open new facilities.

Financing: no

Support/Training: Anything you need to succeed within reason

Reason Selling: Got a good offer from nation franchise

Attached Images

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Woodlands

I don't get it - why would you want to sell for LESS than you've been legally agreed upon? Do you expect the franchise deal to fail?