MergerPlace

Full Service Salon in Upscale Community

New Jersey (Union)


  • Asking Price: $125,000
  • Gross Income: $506,534
  • Cash Flow: $92,172
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $25,000
  • Listing ID: #213275
  • Established: 1998
  • Employees: 13 FT / 6 PT

Business Description

Well established - Low Low Price!!

Full service salon with a stable client base in an up-scale Union County community. Services include haircuts and styling, color and chemical treatments, manicures and pedicures. Makeup, waxing, facials and massage services are offered within private rooms. Hair products and jewelry is also available for sale.

Large salon (2200 sq ft) has 17 hair, 3 manicure, 2 pedicure and 3 hair washing stations and even a private shower. Conveniently located on a main street in a busy shopping complex, there is ample free, off-street, parking available for customers.

Owner is retiring but willing to stay on to retain clients. Don’t miss seeing this turn-key operation – everything is already in place!


Business Details

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

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13 FT / 6 PT

Financial Information

Asking Price: $125,000
Gross Revenue: $506,534
Cash Flow: $92,172
FF&E: $25,000
Inventory: $2,500
Seller Financing Available: Yes

Property Information

Facilities:

2200 sq ft of leased space in a busy shopping plaza with free, off-street parking.

Growth & expansion opportunities:

The business does minimal marketing in a very transient town. There is a significant opportunity to grow by attracting new clients through online marketing and coupons.

Competition:

There are several competitors in the area. This business has an established clientele. The free parking is a competitive advantage as well.

Reason for selling:

Semi - Retirement. The owner will continue as an employee.

Support & Training:

Will train for 2 weeks @ $0 cost. Hair salon is fully licensed. Hairstylists and other technicians responsible for individual licenses.

Contact Business Seller

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Business Listed By:

Cheryl Venezia

Murphy Business Brokers