Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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The purpose of this business transaction is due to the owner’s relocation.
(Hair and Beauty , Hair Salon )
Middlesex County , NJ
Listed Price: $ 35,000
Listing ID: SLN187

Listing DetailsGross Revenue: $ 155,000
Cash Flow: $ 25,000
FFE: $ 85,000 (Included in Price)
Reason for Sale:

The sale is due to the partners full time work responsibility.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsEmployees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 8,700
Square Footage: 1500
Facilities:


The facility is in a highly active commercial mall with various other independent businesses. This retail facility consists of 1,500 square feet with a modern professional appearance.


SummaryBusiness Description:
Highly popular franchise hair salon business located in an active commercial mall of Middlesex County, New Jersey. The business is available with all the equipment, fixtures, furnishings, licenses, products and staff in place, making it an easy transition and opportunity for the new owner. The business is a unique opportunity, which has tremendous potential for a new owner operator who has the time to be hands on. Current owners have other business ventures that are keeping them occupied, without enough time to focus on the business. The location has one manager, four stylists and the employees are unaware of the pending sale, and fully expected to remain post-closing, and the monthly payroll cost is approximately $8,700. The salon has an assignable commercial lease which expires 2020 plus additional options, with a monthly rent of $5453.18, cost per square foot is estimated at $32.00 and rent security of approximately $10,000. The business has been valued at $35,000 based on a multiple of the net yearly income including the value of the specific business assets. This is a dependable business opportunity. Please do not disturb business, this sale is 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:

Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site optimization and if improved can further develop the business yearly gross sales.