MergerPlace

Hair Salon- Very successful! Great Town!

New Jersey (Essex)


  • Asking Price: $179,000
  • Gross Income: $458,860
  • Cash Flow: $90,705
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $65,000
  • Listing ID: #198791
  • Established: 2006
  • Employees: 10 FT/2 PT

Business Description

Very busy hair salon with great stylists and long term, loyal following. They specialize in hair cuts and styling, color, chemical services, makeup and special events. They also sell some light retail offerings such as hair products and clothing accessories. Owner has set this up for the next owner to come right in and be successful. Don't miss this opportunity- priced to sell!


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: New Jersey
County: Essex

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT/2 PT

Financial Information

Asking Price: $179,000
Gross Revenue: $458,860
Cash Flow: $90,705
FF&E: $65,000
Seller Financing Available: Yes

Property Information

Facilities:

The business moved to its current location 6 months ago after the lease ended at previous location. They moved specifically to maximize the opportunity to sell the business. This is a brand new space with long term lease in place and no expense was spared in the build out. Beautiful salon in a fantastic high-traffic street in one of the best towns in NJ. Their are 10 stations and 4 shampoo units on site.

Growth & expansion opportunities:

This is a new location so the business will continue to grow over the next couple years. A new owner with operations skills can also take advantage of some expense opportunities within the current setup.

Competition:

Many salons in the area but the clients are loyal and business has been consistent for last few years. The Stylists with the business have a great following.

Reason for selling:

Owner has a baby at home and is looking for more flexibility and wants to explore consulting.

Support & Training:

Will train for 2 weeks @ no cost. Paul Mitchell Focus salon with senior stylists and color specialists. All licensing and inspections are up to date.

Contact Business Seller

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Business Listed By:

Daz Connell

Murphy Business Brokers