MODERN HAIR SALON. SLN235

Price: $79,900

Location: Middlesex County, New Jersey

Industry: Salon

Listing ID: SLN235

Modern Hair Salon located in a highly active commercial mall in Edison NJ and priced to sell. The successful Salon has ten qualified stylists for a new increase in income. The business has a gross income of $330,000 and a net yearly income of $38,000. From specialists with curly hair to razor cuts, long hair to fades, this Salon is fully equipped. This experienced stylist’s business caters to distinct hair types, facial shapes, and lifestyles. The salon will teach how to obtain a salon finished look and will recommend products for daily at home maintenance. The hair industry is a visual art form, and many bring pictures, magazine clippings, and other examples to aide your stylist to grasp your vision. Other helpful hints include a description of your lifestyle, job requirements, and amount of time you allot for daily hair care. Adding color, dimension, or texture can be a fantastic way to enhance your natural look, allow you to standout as an individual, or simply cover grays. Keeping the integrity and condition of your hair healthy is their first priority and the guests always are assured that a thorough consultation is included with each chemical service. You can count on their knowledgeable stylists to explain to you what will work best with your own unique style. Based on the asking price, required down payment and net income this business should supply a 40% return to the owner operator prior to debt service. This is an exciting safe business opportunity and based on price, projected income, this business expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $330,000

Cash Flow: $38,000

FFE: $75,000 (Included in Price)

Inventory: $20,000

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Operation

Year Established: 2015

Days & Hours of Operation: The business is operational five days per week (Tuesday- Saturday) hours from 6:00 am to 6:00 pm.

Employees: Regarding employees and payroll; this salon present has five stylist / employees who are unaware of the pending sale. The payroll is primarily based on an 50% payment of gross sales, and the staff is fully expected to remain post-closing, the monthly payroll expense averages approximately $12,500.

Location

Security on Lease: Two months

Lease Option: Yes additional options.

Monthly Rent: 4,867

Facilities Information:

The facility consists of 2,000 square feet in an attractive modern store front setting with substantial private parking as part of the lease agreement. The business has fourteen chairs plus other areas which conduct additional services to its customers.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity requires government licensing approval to purchase or operate in addition to the standard required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion, this service company can be further developed by increasing the days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.