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Asking Price$320,000
Revenue$600,000 EstablishedUndisclosed
Cash Flow$160,000 Employees4 full, 5 part
FF&E$60,000 FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Elegant Hair Salon & Day Spa in Prime Manhattan comes with an 8 year lease and a 5 year option on top of that. Rent is considerably below market, given that the current tenants provided so many upgrades to what was a troublesome space when they took it over a couple of years ago. They put in a new floor to the tune of $18K, new piping for gas & water piping at a cost of $20K, and a new electrical system for $10K. The landlord loves them! The station chairs, mirrors, and wash sinks ran them $10K, the laser hair removal equipment another $7.5K, and the pedicure area $5K. You will find many more touches like these. Bottom line, no expense was spared to turn this into the turn-key salon & spa you will will discover when you stepping inside. All of the stylists, estheticians, assistants, and receptionist would like to stay on. The owners will explain how each is compensated. One of the owners will stay on to provide transitional support & training, if so desired. Do be very discreet when visiting this location, as the employees and customers do not know it is for sale. Then, kindly contact listing broker Jay Goldman should you have any questions and would like to make an appointment to meet with the owners. Please call 1-877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:320,000.00 Down & Seller financing may be made available to highly qualified buyers!
Sale Reason:The owners have other business interests in Westchester County.
Ad #100188
Seller Reference #30646
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Contact This Seller
Jay Goldman
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