50-Year Landmark Hair Salon - Best in the area

Not Disclosed, NJ
Morris County

Asking Price: Annual Revenue:
$175,000 $175,000

Services: Hair, Nails, Spas, Tanning

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RE: 50-Year Landmark Hair Salon - Best in the area Broker: Gregory Carafello

Quick Facts

Asking Price: $175,000
Annual Revenue: $175,000
Net Profit: $75,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1972
Employees: 11
BBN Listing #: 898457222
Broker Reference #: 206-21353

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Business Overview:

You can OWN this 50 year old icon Landmark with a spectacular reputation as the BEST! You can now OWN this high end Hair salon with the 12 plus chairs that has dominated the area for 50 plus years. Remodeled in 2020 spending over $200,000 to enhance the already most professional, clean and welcoming environment in the area. For more detailed information, please contact listing broker Gregory Carafello. Please use email reply button of this ad to contact us.

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Property Features and Assets:

This is a leased location of 3,620 square feet with a Total Monthly Rent of $4,500. Lease ends 2026 with Two 5 year options. Seller is not active in the business with 2 Full Time employees, 8 Part Time employees, and 1 Independent Contractor. Hours of operation are 10am – 8pm Monday – Saturday. $10,000 in Inventory and $100,000 in FF&E included in asking price. $75,000 made in Leasehold Improvements.

Reason for Selling:

Retirement after 50 years of founding and owning.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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