Confidential Investment Summary  ·  For qualified, NDA-bound buyers only
DGLT
Offered byDGLT Incorporated
Prepared 2026-09-03
MD  /  VA  /  WV

Nine-Salon Great Clips Portfolio

Add nine Great Clips salons to your operation, in a single transaction.

The largest Great Clips franchisee in the Washington, DC market: nine established salons in two contiguous regional clusters, offered together as a built-out, professionally managed portfolio.

Request the full memorandum

Sign a short NDA to receive the full financials and data room.

9
Salons, all open and operating
~$748K
Adjusted annual earnings, owner removed
Largest
Great Clips franchisee in the Washington, DC DMA
~$3.2M
Combined annual revenue
Southern Maryland · 4 salons 81 Corridor · 5 salons
01

The opportunity

A coherent footprint, not scattered units. The nine salons sit in two contiguous clusters roughly two hours apart, all inside the Washington, DC market: four in Southern Maryland, and five along the Interstate 81 corridor across West Virginia, Maryland, and Virginia. For an operator already in or near the region, this is tuck-in scale that routes and supervises as a block, not nine singles spread across a map.

02

The deal at a glance

Salons9, all open and operating
Revenue and earnings (TTM)~$3.21M revenue; ~$748K adjusted operating earnings, owner removed
LocationsTwo clusters, Southern Maryland and the Interstate 81 corridor, all in the DC DMA
ManagementGeneral manager over the portfolio, and salon managers in place with several running more than one location. Professionally managed
Real estateAll nine leased; terms and remaining options in the data room
FranchiseNine Great Clips agreements; transfer subject to franchisor approval and landlord consent
03

Portfolio and markets

The nine salons by cluster and location. By state: Maryland 5, Virginia 2, West Virginia 2.

SalonLocationCityState
Southern Maryland cluster  ·  4 salons
2626St. Mary's MarketplaceCaliforniaMD
9662Lusby CommonsLusbyMD
5625La Plata PlazaLa PlataMD
3663Fox RunPrince FrederickMD
Interstate 81 Corridor cluster  ·  5 salons
0345Foxcroft Towne CenterMartinsburgWV
2285Hagerstown GatewayHagerstownMD
8021Winchester GatewayWinchesterVA
9671Stonewall PlazaWinchesterVA
4116Butler's CrossingOpened April 20, 2026InwoodWV

Salon 4116 (Inwood) opened in April 2026 and is still ramping. It is valued at asset cost and represents upside as it reaches its siblings' run rate.

04

Financial summary

Figures are drawn from the Company's QuickBooks Online profit and loss by salon, trailing twelve months to June 2026, unaudited management accounts, subject to buyer verification in due diligence.

MeasureAnnualizedWhat it represents
Adjusted operating earnings (SDE)~$748,000Salons plus corporate with the general manager retained and discretionary owner overhead removed. Nothing booked below the operating income line, including the 2026 salon refresh and the one-time HR project, is added back
Combined revenue~$3,211,000Nine salons, trailing twelve months
Corporate overhead, as booked~$315,000Includes the general manager. About $127,000 of this is depreciation, amortization, interest, and corporate income tax, and about $21,000 is storage rent and board-meeting rent; all of that is added back separately above. About $168,000, mainly the general manager and the 401(k) plan's administration fee and non-owner employer match, remains embedded in the SDE figure above
Salon refreshCompleteAll salons refreshed in 2026; next cycle 7 to 10 years out, no near-term remodel capex. The cost sits below the operating income line and is not added back to earnings

Three-year trend

FY 2024
$410K SDE · $2.66M revenue
FY 2025
$715K SDE · $3.09M revenue
TTM Aug 2026
$748K SDE · $3.21M revenuecurrent

Revenue grew about 16% from 2024 into 2025 and has held near $3.2M. SDE stepped up sharply in 2025 to about $715,000 and is running near $748,000 on a trailing-twelve-month basis, about 4.6% above 2025 and broadly in line with revenue, with the new Inwood salon (opened April 2026) still ramping toward its siblings' run rate. Every figure ties to QuickBooks by class, with the general manager retained as a corporate position, and excludes non-operating investment income. The owners' own 401(k) match is removed with the rest of the Owner class; the plan's administration fee and the match paid to salon and corporate staff stay in as a retained cost, since a buyer keeps offering the benefit. The 2026 salon refresh and the one-time HR consulting project are booked below the operating income line in QuickBooks, so they never reduced these earnings and are not added back to them. The 2024 figure is normalized for owner costs that were recorded in the corporate class that year.

New in 2025
FICA tip credit, about $65,000 a year. Under the 2025 federal law, the salons now qualify for the Section 45B FICA tip credit, a recurring federal tax credit on employee tips that a buyer keeps. Based on actual Paylocity qualified-tip payroll records, annualized and credited at 7.65%. It is after-tax upside and is not included in the earnings above.
The full financial model is a live spreadsheet, updated continuously, carrying salon-by-salon revenue, cost, and cash flow for all nine locations, the three-year normalized earnings bridge, and the valuation ranges. It is provided to buyers who sign a short confidentiality agreement. Sign the NDA to request access; we review each request and grant the live workbooks.
Request the data room

Investment income held by the Company is excluded from business earnings. It is not part of the operating business and is not offered for sale.

05

Valuation context

Great Clips salons are valued on a blend of two methods: a percentage of sales and a multiple of cash flow. A generic small-business earnings multiple understates them. Multi-unit platforms command a premium to single-salon resales, mainly through a higher percentage of sales, because a buyer acquires scale, a management layer, and immediate cash flow.

Any individual salon with negative cash flow is valued at a $75,000 replacement-cost floor, the minimum cost to build a Great Clips salon, rather than at a cash-flow multiple.

This portfolio is evaluated on the multi-unit basis, against approximately $3.2M of sales and its cash flow. Serious buyers are asked to evaluate it on the management structure, lease terms, and remaining franchise terms in the data room, and to submit an indication of interest. Price is by discussion.

06

Ways to acquire

The platform is offered primarily as a single nine-salon portfolio to one buyer. The Company will also consider either regional cluster, or individual salons, giving a buyer an entry point at the scale that fits. Financials can be provided for just the salons you are evaluating.

Primary offering

The full portfolio

All nine salons, one buyer, one transaction. The cleanest path to multi-unit scale and the seller's preferred structure.

9 salons  ·  MD 5 / VA 2 / WV 2
Package option

Southern Maryland cluster

Four Maryland salons in one contiguous sub-market.

2626   9662   5625   3663
Package option

Interstate 81 Corridor cluster

Five salons along the I-81 corridor across WV, MD, and VA.

0345   2285   8021   9671   4116
Package option

Individual salons

Prefer to start with a single location? Any salon is available on its own, with financials provided for just that salon.

Any one salon
In every case

Franchisor approval applies

Any transfer is subject to Great Clips buyer qualification and approval, plus landlord consent on each lease. The Company supports the buyer through both.

Great Clips transfer  ·  lease assignment
07

How the process works

  1. Execute an NDA.Receive the full confidential memorandum and access to the diligence data room.
  2. Submit an indication of interest or LOI.Confirm structure, indicative price, and timeline.
  3. Confirmatory due diligence.Financials by salon, leases, franchise agreements, staffing, and systems.
  4. Franchisor approval and landlord consents.Great Clips transfer approval and lease assignments run in parallel.
  5. Definitive agreement and close.Purchase agreement signed, transaction closed.

Request the full memorandum

Qualified franchisees and multi-unit operators can sign an NDA to receive the complete investment memorandum, salon-level financials, and data room access.

Sign the NDA to request access

Already reviewed the financials? Submit a Letter of Intent.

Randy McDole  ·  CFO, DGLT Incorporated  ·  rmcdole@teamhaircut.com