784 Buyers Online Now
Buy Business Sell Business Business Brokers My Account

Upscale Modern Hair Salon For Sale

84/wk
Essex County, New Jersey, United States
Photos Website Map
Asking Price$150,000
Revenue$250,000 Established2006
Cash Flow$70,000 Employees6 full-time
FF&E$75,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity to own this modern hair salon in an upscale mall in Northern New Jersey in the county of Essex. The business has a gross yearly income of $250,000 and a dependable net income to the owner operator. 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 salon is committed to creating the perfect style for each one of their clients. Their staff consistently attends regular hair and beauty courses, designed to teach their stylists the latest trends, techniques and hair care, to ensure their clients always obtain the best service. They provide their clients with the very best, from product to service, it’s their love and passion for hair and beauty that sets us apart. Along with the necessary skills to supply what their clients desire, their team of stylists always listen, are energetic, and ready to offer advice and suggestions when asked. They offer a full range of services including haircuts, styling, coloring, highlights, low-lights, perms, body waves, Keratine treatments, evening styles, Up-Do’s, hair extensions, conditioning treatments, color correction, and makeup. This company has six employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $6,800. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $5,000, cost per square foot is estimated at $33.00 and rent security of approximately $10,000. The business facility consists of 1,690 square feet in an active commercial mall with a capacity of approximately forty customers. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, chairs, sinks, 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 hair salon business operation is active five days per week, (closed Sunday & Mondays) with hours from 9:00 am to 6:00 /8:00 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 dependable investment return to the owner operator prior to debt service. 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:This successful retail facility, which consists of 1,690 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, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected 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, no web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing may be available to qualified buyers.
Sale Reason:The sale is due to the owner’s retirement.
Ad #95720
Seller Reference #SLN149
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
Name
Email Address
Message