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Modern Hair Salon For Sale

62/wk
Bergen County, New Jersey, United States
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Asking Price$300,000
Revenue$750,000 Established1980
Cash Flow$125,000 Employees13 full-time
FF&E$105,000* FranchiseNo
Inventory$250 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity to own this high volume thirty-five-year-old hair salon in an affluent area of Bergen County, New Jersey. The business has a gross income of $750,000 and a minimum net income of $125,000 to the owner operator. The majority of the gross income continues to originate from the various hair stylists and not the owner. Additionally, the seller will remain post-closing in order to transfer any of his clients to the new operator. The salon has a personal commitment providing their clients with the very best, from product to service, it’s their love and passion for hair and beauty that sets them apart. Along with the necessary skills to give their clients exactly what it is they are seeking, their team of stylists always listen, are energetic, and ready to offer advice and suggestions when asked. Their full range of services include haircuts, styling, coloring, highlights, lowlights, perms, body waves, Keratine treatments, evening styles, Up Do’s, hair extensions, conditioning treatments, color correction, and makeup and additional information can be found throughout their website. Our hair is a form of expression and style, and like a piece of art, our hair is a canvas. We are inspired by the poetic beauty of hair and the dynamic fashion industry that surrounds us. This is a wonderful dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This industry requires state government approval to operate. Modern attractive retail facility consisting of 1,880 square feet in an up to date commercial mall. The facility has an up to date image with a wonderful appearance. The business is in a mid-size mall with various other active and successful businesses which attract many daily customers. This opportunity is located in Northern New Jersey, upper Bergen County, which consists of many affluent cities with continued demand for this particular service. This business has five full & eight-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $16,250. The various hair stylist, as per the industry, are paid a percentage of their gross sales. This sale transaction will offer a new commercial lease which will expire 2026-01-01 plus additional options, with a monthly rent of $4,350 and rent security $5,000. The business is located in an attractive commercial mall, consisting of 1,780 square feet has a capacity for approximately forty-five customers.The business assets have an estimated value based on replacement cost of approximately $110,000 which consists of a fully equipped commercial hair salon including various work stations, sinks, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease.The business is active five days per week, with hours from 9:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state licenses to conduct its day to day business.The owner will remain post-closing in order to supply an appropriate transitional period to the new operator. The owner is retiring after many years of success in this industry. The business presently has a basic marketing plan and limited web site which can be improved resulting in a greater income to the owner. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is $750,000 and the business has a minimum net income of $125,000 based on an owner operator and prior to debt service. The business has been valued at $300,000 based on a multiple of the net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:Modern attractive retail facility consisting of 1,880 square feet in an up to date commercial mall. The facility has an up to date image with a wonderful appearance. The business is in a mid-size mall with various other active and successful businesses which attract many daily customers. This opportunity is located in Northern New Jersey, upper Bergen County, which consists of many affluent cities with continued demand for this particular service.
Competition:To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a basic marketing plan and limited web site which can be improved resulting in a greater income to the owner.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing available to qualified buyers.
Sale Reason:Retiring after many years of success.
Ad #88089
Seller Reference #SLN133
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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