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

Franchise Hair Salon For Sale

21/wk
Middlesex County, New Jersey, United States
Photos Website Map
Asking Price$50,000
Revenue$212,000 EstablishedUndisclosed
Cash Flow$25,000 Employees5 full-time
FF&E$85,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly popular franchise hair salon business located in an active commercial mall of Middlesex County, New Jersey. The seven-year old salon, located in a mall with many other businesses including Chipotle, Starbucks, AT&T, NY & Company, Subway, etc. has high foot traffic. The business is available with all the equipment, fixtures, furnishings, Supercuts license, Products and staff in place – make it an easy transition and opportunity for the new owner. The salon has a solid cash flow and approximately sixty percent (60%) of the income represents repeat business. The store is a unique opportunity, which has tremendous potential for a new owner operator who has the time to be hands on. Current owners have other business ventures that are keeping them occupied, without enough time to focus on the business. This industry requires state government licensing approval to operate. The salons which are maintained as an absentee owner, each has one Manager, four stylists and the employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $8,700. Each of the salons have an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $5453.18, cost per square foot is estimated at $32.00 and rent security of approximately $10,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,500 square feet and has an estimated capacity for twenty-six customers. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, 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 seven days per week, with hours from 9:00 am to 9:00 pm or approximately 140 hours per week. 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:The sale involves three separate locations, all in Middlesex County, New Jersey. Each facility is in a highly active commercial mall with various other independent businesses. These are all attractive retail facilities which consist of 1,600 square feet with a modern professional appearance. The facility is in an active shopping mall consisting of Starbucks, chipotle, AT&T, and many other successful businesses.
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, poor web site optimization 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 supply additional training at a fair cost to the purchaser.
Seller Financing:To be determined.
Sale Reason:The sale is due to the partners full time work responsibility out of the area.
Ad #97738
Seller Reference #SLN155
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