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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Full Service Hair Salon
(Hair and Beauty , Hair Salon )
Bergen County , NJ
Listing ID: SLN167

Listing DetailsGross Revenue: $ 200,000
Cash Flow: $ 70,000
FFE: $ 89,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The sale is due to the owner’s absentee ownership.


Training & Support:

The owner is absentee and not involved in the day to day operation, however he will offer a post-closing transitional period to the new operator.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Fri. 9:30am-6pm
Non-owner Payroll: $ 1,800
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3000
Monthly Rent: $ 1,900
Square Footage: 1470
Facilities:

This wonderful business opportunity is in Northern New Jersey, Bergen County, which consists of various highly populated affluent communities with continued demand for this industry. This retail facility consists of 1,470 square feet with an ultra-modern professional appearance. The business is located on an active commercial avenue with various other active and successful businesses.


SummaryBusiness Description:

Solid business opportunity to own this ultra-modern full-service hair salon located in a highly populated affluent city of Northern, New Jersey. This salon offers a full-service menu including haircuts, blow outs, highlights, balayage, etc. They are known for their unparalleled salon experience and personalized service to create a custom-tailored perfect look. The staff makes every appointment a pleasant experience, and the stylists will bring you professional care and personal advice. Their staff is skilled with the latest trends, techniques and hair care, to ensure their customers are always getting the best service and products. The salon is dedicated to making their clients fully satisfied and they focus on providing beauty treatment of the highest quality, utilizing cutting edge techniques. Their stylists have years of professional experience, and pledge to offer the finest hair-cut, color, and care for our customers. Along with the necessary skills to give their clients exactly what they desire, their team of stylists always listen, are energetic, and ready to offer advice and suggestions. Their full range of services include haircuts, styling, coloring, highlights, lowlights, perms, body waves, Keratin treatments, evening styles, UpDo’s, hair extensions, conditioning treatments, color correction, and makeup. This salon business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800. The business has an assignable commercial lease which expires 2018 plus additional options, with a monthly rent of $1,900, cost per square foot is $15.51 and rent security $3,000. The company’s fixed assets has an estimated value of approximately $89,000 which is based on replacement cost and the sale consists of a fully equipped commercial retail hair salon business, which includes nine chairs, displays, shelving, POS system, tables, computers, sinks, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The sale includes a certificate of occupancy from the municipality and the required state and city licenses to conduct its day to day business. The business has been valued based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. 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 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 no marketing plan, poor web site and if improved can further develop the business bottom line net income.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.