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Full Service Salon & Spa For Sale

69/wk
Middlesex County, New Jersey, United States
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Asking Price$99,000
Revenue$327,000 Established2011
Cash Flow$33,000 Employees12 full-time
FF&E$75,000* FranchiseNo
Inventory$2,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retiring from this successful full-service hair salon and spa located in a wonderful area of Northern New Jersey and in Middlesex county. The company has a gross income of $327,000 and offers all the required personal services to their customers. They are a full-service day spa for men and women. With their highly talented staff they have been providing clients with serenity, tranquility, relaxation, and rejuvenation for many years. They have a wonderful reputation as a high-end salon and spa that provides dependable quality beauty and wellness services. 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 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, nails, massage, lowlights, perms, body waves, Keratein treatments, evening styles, Up Do’s, hair extensions, conditioning treatments, color correction, 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. Their goal is to provide their customers with great service and a wonderful experience by adding new organic and natural product that are not only good for your skin, but also good for the environment. They are confident that with these new exciting changes your visit will be more than what you expected at this prestigious spa. This service industry requires New Jersey State government licensing approval to purchase or operate. This company has twelve full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,973. The employees consist of hair cosmetologist, nail techs, massage therapists, esthetician, etc. The business has an assignable commercial lease which expires 2032-01-01, plus additional options, with a monthly rent of $7,041 all in, cost per square foot is estimated at $30.98 and rent security of approximately $18,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,614 square feet and has an estimated capacity for thirty-five customers. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, web site, social media assets, 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 spa business operation is active six days per week, with hours from 9:00 am to 8:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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:The facility which consist of approximately 2,614 square feet plus basement, has a modern professional appearance and is in a mid-size commercial mall with various other active retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this personal industry.
Competition:To the best of our knowledge, it is our understanding, 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, basic poor web site which has not been optimized and if improved can further develop the business yearly gross sales.
Training/Support:If requires the owner is prepared to remain post-closing to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:To be determined
Sale Reason:The owner is retiring after many years of success in this service industry.
Ad #97658
Seller Reference #SLN151
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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