Business Overview:
Check out this fully equipped, staffed and established SOHO salon. Current additional freelance staff of 6. Just blocks away from Chinatown and Wall Street, this high traffic salon is being offered at a give-away price, due to the owner having to move out of the country. Over $350,000 was initially invested. The capable staff will remain in place, as will the customer base. Business consists of 70% credit card and 30% cash. The owner assures a smooth transition. Includes a VIP room for celebrity clients, waiting area, staff room, 11 style chairs, 9 stylist tables, color room, shampoo rinse station, office, washer/dryer room, skin care area, 2 bathrooms, and a complete inventory included. 8 security cameras, central air, audio system as well. Also, an awesome website...........an investment of $25,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
2,000 square feet. Rent is under market at $7,350 per month, including water. 4 year lease with 5 year option. Terms include 5% yearly increases. 1,000 square feet in lower level if owner wants to expand.
Market Competition and Expansion:
Could add pedicures and manicures. Hire more stylists. Could expand into lower level. Could add medical skin treatment, massage, tanning, etc.
Reason for Selling:
Owner is moving out of the country.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.