SALON SPA. SLN245

Price: $150,000

Location: Morris County, New Jersey

Industry: Salon

Listing ID: SLN245

Newer Ultra-modern Cosmetic salon which provides threading, waxing, facials, brow and lash enhancement services to their many exclusive clients. They service the various towns in Morris County including East Hanover, Livingston, Morris Town, Florham Park, Whippany, Parsippany, and the surrounding municipalities. This business opportunity is two years new and is now available due to the owner’s family changes and full-time work responsibility. This is one year old absentee owned and a non-franchise. The company offers many personal services including eyebrow and facial threading which is the fastest-growing alternative to facial waxing or depilatory creams. Threading is a wonderful service for those looking for a precise hair removal treatment that can shape the brows. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2024 yearly gross income as represented by the owner is estimated at $240,000 and the business expects a consistent yearly net income of approximately $55,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. A formal due diligence is recommended by broker.

Listing Details

Revenue: $225,000

Cash Flow: $40,000

FFE: $75,999 (Included in Price)

Inventory: $2,500 (Included in Price)

Form of Ownership:

Corporate

Franchise Information:

To be supplied

Reason For Sale:

The purpose of this business transaction is due to the change of owner unavailability with his full-time employment.

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: 2022

Year of Last Acquisition: 2022

Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Sunday with hours from 11:00 am to 7:00 pm.

Owner Hours Per Week: Absentee Owner

Employees: Regarding employees and payroll, this service company consists of four employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $7,000.

Absentee Owner?: Yes

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 4,000

Type of Location: Active commercial Mall

Square Footage: 1250

Relocatable?: Yes

Facilities Information:

This business opportunity is in northern New Jersey, Morris County on a highly active county road. This business facility is located in a popular commercial mall with many other retail companies. The salon consists of approximately 1,200 square feet with an ultra-modern, attractive, and professional appearance. The business is located in an affluent community of Morris County, New Jersey with continued demand for their services. This salon has an excellent commercial location servicing numerous communities with continued need for this personal service.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses and the skin care license required by the state of New Jersey.

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 personal service company can be further developed by 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.

Financing/Terms:

seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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