Multi-Unit, High Volume, High Revenue Barbershop Locations

Welcome to Bazooka Charlies Barber Co. 3 PRIME barbershop locations, high volume, high energy, cool music and full cooler barbershops. Very strong branding and vibe. Excellent, corner endcap real estate locations in highly desirable / visible / traffic locations next to Starbucks, Jason Deli and Dunkin. Excellent Google Reviews. The brand has a unique monthly membership subscription model with nearly 1,000 reoccurring clients signed up. Original location opened in late 2018 and sees 2,000 clients a month on average. The other 2 locations opened in the end of 2021 and are in the building stages. The second location is following in the path of the 1st location and the third location has doubled sales since opening in late October. Growth with location 3 is expected to ramp quickly with Crumbl cookie opening next door. Financial Current revenues are approx $115,000/month and once the new locations ramp, owner projects to see $140,000 - $150,000/month by end of 2022. All locations are fully staffed with managers and a director with a strong educational/training background. Clean & current financials will be provided. New locations opened in back half of 2021 and as new locations begin ramping and leveling most recent months (December 21 and January 22) will give best representation of P&L as expenses, payroll and revenues normalize. Owner projects 25%-27% margin as locations mature. Employees Strong retention and stylist loyalty. Stylists are paid hourly and receive generous tips. Low staff drama is a core focus - as the owner is quick to remove troublesome employees. Systems Owner is currently converting to a new point of sale and deploying tablets w/ self check ins and contracted with a specialty call center to take booking calls, thus will be able to reduce front desk payroll expenses (except for extremely chaotic busy times of Friday, Saturday & Sunday). The brand is built with franchising in mind. A new energetic and well funded buyer could continue to grow the brand and really take advantage of the branding and vibe of the brand in the franchising world. The owner has poured heart and soul into growing the locations, and has the operation staffed with responsible leadership. The owners current role involves working closely with director level. Some weeks owner spends only a few hours in salons checking up, cheering on the staff, high-5'ing clients, meeting w/ leadership team, some weeks only does a quick visit - but always has his finger on the pulse of the operation. Location: Denton County, Texas Year Established: 2018 Number of Employees: 25 Real Estate: Leased Building Sq. Ft.: 1,800 Rent: $6,000.00 Per Month Facilities: 3 lease locations. Roanoke, 1,600 sqft, $6k rent. Keller, 2,000 sqft/$6.5k rent. NRH, 1750 sqft/$6,000 rent. Industrial, powerful military murals, authentic Soviet lighting, sound systems playing your favorite tunes w/ free beverages out of our big, branded coolers - you'll love the brand, signage and real estate selected with favorable lease rates. Market Outlook/ Competition: This is a mid-market brand. We face standard mom and pop locations and typical franchise locations. Franchise locations can't complete well w/ our volume of staff, menu offerings and skill set of employees. We're on the top side of pricing, so we do eliminate some of the market. Growth & Expansion: Sky is the limit. Continue to leverage and scale assets. You don't need to hire a new director so growing locations under the current leadership will scale your payroll. Owner believes strongly in the ability of the brand to franchise and has discussed franchising with different groups. There is opportunity for a new owner to tighten up hours and consolidate, current owner has taken the approach to sacrifice some margin to gain staffing stability and carry a healthy number of employees to always have enough staff and eliminate turn aways.