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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Exclusive Salon
(Hair and Beauty , Hair Salon)
Union County , NJ
Listed Price: $ 595,000

Listing DetailsGross Revenue: $ 1,549,788
Cash Flow: $ 245,000
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

 

The owner is retiring after many years of success in this industry.


Training & Support:

 

The owner will remain post closing and supply an appropriate transitional period.


OperationsYear Established: 1986
Days & Hours of Operation: Mon.-Sun. 9am-7pm
Non-owner Payroll: $ 30,000
Employees: 30
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6500
Monthly Rent: $ 8,860
Square Footage: 4000
Facilities:

 

The facility is located in a most affluent area of Union County, Northern New Jersey on an active avenue with a huge volume of daily shoppers. The business is also adjacent to an active commuter train station and numerous commercial businesses which attract a large number of potential customers. The facility is 4,000 square feet with a modern attractive image, eighteen stations and various area for specific services. This salon is fully equipped with state of the art equipment to maintain a high volume production.


SummaryBusiness Description:

Outstanding reputation and considered the best in the industry for this highly successful full service salon with a gross income of $1,549,000 and a consistent net income of $245,000 to the owner operator. The facility is 4,000 square feet which has been fully upgraded over the past few years. The sale is due to owner retiring which offers long term owner financing with approximately 10% down payment. Based on the asking price, required down payment and yearly net income, this business expect to supply a solid and consist investment return to the owner operator. The business is located in a most affluent area of Union County New Jersey adjacent to an active commuter train station and numerous retail businesses which attract a large variety of potential customers. Their dedicated staff is committed to providing exceptional salon services and they specialize in permanent waving, hair care and hair coloring. This particular business has thirty full and part time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $30,000. The business has an assignable commercial lease which expires 2036-01-01 with a monthly rent of $8,860 and rent security $6,500. The sale includes a fully turnkey salon with eighteen work stations, additional rooms for various services, sinks, dryers, displays, counters, shelving, POS system, tables, chairs including all the necessary equipment to maintain the day to day operation. The area has substantial municipal private parking nearby to the facility. The business is active seven days per week, with hours from 9:00 am to 7:00 pm.The sale includes a certificate of occupancy from the particular municipality and license approval from the state of New Jersey. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

 

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non compete agreement to the purchaser.


Potential Growth:

 

The business presently has a limited marketing budget / plan which if improved can further developed the business bottom line corporate income.


Financing/Terms:

 

Available to qualified buyers.