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Asking Price$100,000
Revenue$260,000 EstablishedUndisclosed
Cash Flow$75,000 Employees4 full, 2 part
FF&E$70,000 FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This 2-year-old semi-absentee run hair salon and barbershop is located on Manhattan's Upper East Side. 70% of the customers are women and 30% men. Rent is only $2,420/month for 300 square feet just a few steps up from street level and right around the corner from a main avenue with plenty of foot traffic. The owner has been disposing of all of his hair salons and barbershops to focus his attention on an entirely different field. He will sign a non-compete. Open Tu-Sa 10am-8pm, this salon offers quality and experienced cutting, coloring, conditioning, threading and eyelash extension services provided by 5 stylists and 1 full-time assistant. The salon is currently averaging revenues of $3,000/week with 4 styling stations. A new hands-on owner could double that and make at least $100,000/year.
Training/Support:Seller will train new owner.
Seller Financing:60,000.00 Down & seller will finance $40,000 over 12 months at 6%
Sale Reason:Personal reasons
Ad #68267
Seller Reference #26355
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Contact This Seller
Jay Goldman
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