MergerPlace

Great Location -

New Jersey (Monmouth)


  • Asking Price: $99,900
  • Gross Income: $289,160
  • Cash Flow: $27,704
  • Real Estate: Not Disclosed
  • Inventory: $2,800
  • FF&E: $78,250
  • Listing ID: #220811
  • Established: 2018
  • Employees: 2 FT / 3 PT

Business Description

ONLY $39,900 DOWN and after paying debt service first year you will make back close to the $39,900 you put down! This is a great return on your investment!

This high end hair salon and blow dry bar is a membership based franchise business, with recurring revenue. The brand provides glam hair styling and blow out services in an upscale environment for an affordable price.

This business is growing and with the right owner can take this truly to the next level. Franchise provides good systems and support.


Business Details

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

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT / 3 PT

Financial Information

Asking Price: $99,900
Gross Revenue: $289,160
Cash Flow: $27,704
FF&E: $78,250
Inventory: $2,800
Seller Financing Available: No

Property Information

Facilities:

Located in shopping center next to major food store, liquor store, bank and pet store. Located off main highway, high traffic.

Growth & expansion opportunities:

Grass roots marketing, visit office buildings in area, cross promote with gyms, participate in bridal shows and community events/school functions.

Competition:

Hair Salons are more common in the market. We are the only Blow Dry Bar in the market. One blow dry bar located 18 miles away towards Red Bank, NJ area.

Reason for selling:

Owners are focusing on expansion of another franchise model they are also franchisees of.

Support & Training:

Will train for 1 week @ no cost Services include hair blowouts, treatments, makeup and face massages. They use brands including Blowpro and Pureology hair care, HotHeads hair extensions, Inglot professional makeup and Keratin Complex repair and treatment systems. Cosmetology Shop License. Skills include customer service, membership sales, hiring, firing, training, inventory, hairstyling, quality assurance, scheduling and appointments.

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Business Listed By:

Bill Bunting

Murphy Business Brokers