Seller's Contact Information
- RE: Highly Profitable Beauty Salon In Growing Market
- Contact: Derrick Lee
Quick Facts
| Asking Price: | $600,000 | |
| Annual Revenue: | $609,697 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $301,379 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $43,819 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 1 | |
| BBN Listing #: | 627349826 | |
| Broker Reference #: | 83341-671790 |
Business Overview:
This thriving business consists of a Beauty Studio and a Training Center. The business has been operating for 5 years and the last 3 years have seen explosive revenue growth due to increased market demand and increased profit margins due to automated operating systems, leaving a substantial Annual Owner Benefit for the New Owner to operate the business. The business has served 2K clients and trained 300 artists in a growing sector of the Beauty industry that compliments any other Beauty Salon business. The business also has a strong social media presence and Google Reviews.
The business is located in a quaint downtown storefront location in Essex County with high foot & street traffic.
The Current Owners recently invested in substantial leasehold improvements into the Beauty Studio and Training Center.
Key employee(s) would be willing to stay on and are capable of stepping into a Master Artist role - special licenses are not needed for the business to operate and artists only need to acquire a certificate with a reasonable hourly requirement.
The Current Owners will provide Financial Documents upon obtaining a qualified NDA and are willing to stay on to train on the New Owner.
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Market Competition and Expansion:
Limited competition in a growing industry.
Reason for Selling:
Other Business Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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