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Attractive Hair Salon For Sale

12/wk
Hudson County, New Jersey, United States
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Asking Price$59,000
Revenue$240,000 Established2008
Cash Flow$42,000 Employees3 full-time
FF&E$30,000* FranchiseNo
Inventory$750* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful modern hair salon in an active commercial area of Hudson county New Jersey. This salon offers a wonderful service to their many satisfied clients. They offer everything their clients require and the best possible service. Since their establishment in 2008, this Salon & Spa has provided superior creativity, customer service, loyalty, as well as professional development and satisfaction to their customers. They strive to meet the individual needs of each customer. Their goal is to design a look that compliments each client’s look that will work easily with their hair type, texture, and lifestyle. They boast of today’s latest cutting trends, the hottest styles from the biggest catwalks and Hollywood fashion, and advanced techniques in coloring and highlighting to provide you with only the most beautiful look. Their customers experience the wide range of creative hairstyles from the soft and natural designs to the bold and glamorous. Their team of expert stylists are eager to cater to your every hair needs and desires. The atmosphere is perfect for anyone who wants to unwind. Their customers are pampered with a fresh cup of coffee, tea or any other beverage of your choice. While waiting, have a blast surfing the internet or you can bring your own laptop if you’re looking to get some work done. This company has three employees and various stylist who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $1,600. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $3,495, cost per square foot is estimated at $29.00 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $30,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped salon, which includes sinks, chairs, 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. This successful Salon business operation is active six days per week, with hours from 9:30 am to 6:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to debt service. Please do not disturb business, this sale is 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:This modern attractive salon consists of successful retail facility which consist of 1,240 square feet has a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:Although competitors presently exist in the industry, to the best of our knowledge, we are not aware of any new competitors near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, basic web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will remain post closing as a part time employee.
Seller Financing:Possible financing
Sale Reason:Owner is semi retiring
Ad #94606
Seller Reference #SLN145
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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