Regis Corp are selling off all their Smart Style salons just to stay afloat. Smart Styles are their number one money makers so for them to sell at that level is clearly sign of the companies demise. I worked for Regis in the Louisville KY area and you literally can't find a Smart Style now that hadn't been sold out from under managers / staff to the highest bidder. The entire staffs of these salons have been walking out the day the salons are sold.
Regis has been around for nearly a 100 years and is barely generation the same revenue as other Companies like Great Clips who have only been around for 35 years. And the is with Regis having over 10000 salons and great Clips only having 3600. Regis is circling the drain.