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

Nine-Salon Great Clips Platform

Nine established salons, one operating platform.

The largest Great Clips franchisee in the Washington, DC market, offered for sale as a built-out, professionally managed, multi-unit platform.

9
Salons, all open and operating
~$736K
Seller's discretionary earnings / yr
~$586K
Absentee-owner earnings / yr
~$3.2M
Combined annual revenue
01

The opportunity

Scale that is hard to build. Nine units in a single metro is a platform, not a startup. A buyer steps into an operating business with established staff, systems, vendor relationships, and a management layer already running the day to day. This is a rare chance to acquire multi-unit scale in one transaction rather than assembling salons one at a time.

02

The platform at a glance

Salons9, all open and operating
BrandGreat Clips franchise
MarketWashington, DC DMA, spanning Maryland, Virginia, and West Virginia
PositionLargest Great Clips franchisee in the DC DMA
ModelWalk-in only. No appointments, no color, no clientele-building
PricingThree tiers: $21, $22, $24 per haircut
ManagementGeneral manager over the portfolio; salon managers in place, several running more than one location. Absentee-ready
Headcount56 employees
SystemsPaylocity (payroll), QuickBooks Online (accounting), Salon Innovations (supply)
03

Portfolio and markets

The nine salons sit in two coherent regional clusters roughly two hours apart, both inside the DC DMA. 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 May 20, 2026InwoodWV

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

04

Platform financials

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
Seller's Discretionary Earnings (SDE)~$736,000Total owner benefit for an owner-operator
Absentee-owner earnings~$586,000After a manager to cover the owners' roles (approx. $150,000)
Adjusted EBITDA~$459,000Business earnings with management fully at market
Combined revenue~$3,170,000Nine salons, trailing twelve months
Salon refreshCompleteAll salons refreshed in 2026; next cycle 7 to 10 years out, no near-term remodel capex

Three-year trend

FY 2024
$410K SDE · $2.66M revenue
FY 2025
$716K SDE · $3.09M revenue
TTM Jun 2026
$736K SDE · $3.17M revenuecurrent

Revenue grew about 16% from 2024 into 2025 and has held near $3.2M since, with SDE at a current high. 2024 was a lower-revenue year, so the trailing-twelve-month figures are the most representative measure of the platform today. TTM SDE is normalized for the one-time 2026 salon refresh, which is now complete.

New in 2025
FICA tip credit, about $60,000 a year (estimated). 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. Great Clips Tip Assist drives a high card-tip rate, so the credit is meaningful, estimated at roughly $60,000 a year and being verified against payroll records. 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, benchmarked against actual franchise resales: 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.

Great Clips resales, 2023 to 2025Single salonMulti-unit group
Percentage of sales~48% to 52%~66% to 71%
Multiple of cash flow~3.6x to 4.9x~3.9x to 4.3x

Benchmarks are the average and median of Great Clips single-unit and multi-unit resales over 2023 to 2025, the same transaction data used in the valuation model. Larger deals in the highest sales bands have traded at the top of these ranges and above. 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 platform 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 on its own, giving a buyer a coherent, self-contained sub-market.

Primary offering

The full platform

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
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