Established Sugaring Service In Lubbock
This successful business in Lubbock is poised and ready for a new buyer to take it to the next level. This franchise business is proud to offer a wide range of beauty and self-care services, specializing in organic and natural treatments. The current owner opened the Lubbock franchise in September 2022 and has grown the business dramatically since then. The current owner has put in around ~$250,000 in the buildout of the store. A new owner would be stepping into a built-out franchise at a fraction of the cost of starting new. With 2024 expected to close with ~$340,000 in top line revenue, the business has maintained substantial year-over-year revenue growth. A new owner can capitalize on this trend by implementing a marketing plan and driving in more customers, and by adding new service lines that the franchisor has approved.
Employees
5
Lease Terms
Monthly Rent: $5,265.00 Square Units (Foot, Meter): 2,000 Lease Expiration Date: September 29, 2032, 10:00:00 PM
Real Estate
Lease
Trading Hours
Everyday 8am - 9pm
Support & Training
Number of Weeks Seller Will Offer Training: 2
Expansion Potential
The business has several potential growth opportunities to explore. Participating in vendor events, utilizing direct mailers, and leveraging word-of-mouth referrals can significantly enhance visibility and client acquisition. Charity donations can also strengthen community ties and boost brand recognition. Additionally, the franchise offers new services, such as threading, traditional waxing, laser treatments, and sunless tanning, which have not yet been implemented by the owner, providing a clear avenue for service expansion. Improved management practices, transitioning to owner operation rather than absentee management, and strict adherence to franchisor systems can further optimize operations and client satisfaction. Enhanced marketing efforts could also play a crucial role in driving growth and establishing a stronger presence in the local market.
Competition / Market
This is the only big box sugaring salon between Albuquerque and Dallas. There are only 5 other sugarists in lubbock area.
Franchise Opportunity
Franchise Resale
Inventory / Stock Value
$3,000 - included in the asking price
Reason for Selling
Moving on to something else
Financials
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