MergerPlace

Elegant Beauty Salon in Parsippany, NJ

Parsippany, New Jersey (Morris)


  • Asking Price: $39,900
  • Gross Income: $84,074
  • Cash Flow: $19,358
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $4,600
  • Listing ID: #200435
  • Established: 1967
  • Employees: 6

Business Description

OWNER MOTIVATED LOWER PRICE! Elegant Beauty Salon located in a desirable downtown area of Parsippany, N.J. The salon has been in the same location for over 50 years. The owner is ready to semi-retire and is willing to stay on. There are 9 styling stations and 3 color stations. They have 6 experienced, licensed professional beauticians that have been with the salon for 5 to 39 years.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: New Jersey
Metropolitan Area: Parsippany
County: Morris

Company Information

Year Established: 1967
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6

Financial Information

Asking Price: $39,900
Gross Revenue: $84,074
Cash Flow: $19,358
FF&E: $4,600
Inventory: $500
Seller Financing Available: No

Property Information

Facilities:

The salon is 1,350 square feet and has parking for 28 cars. Located in a busy downtown shopping area.

Growth & expansion opportunities:

The business has not raised their rates in 5 years.

Competition:

The business does not have a website, business needs exposure to new customers.

Reason for selling:

Owner wants to semi-retire.

Support & Training:

Owner is willing to go on working in the salon part time.

Contact Business Seller

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Business Listed By:

Kate Costello

Capital Business Solutions