Seller's Contact Information
- RE: 50-Year Landmark Hair Salon - Best In The Area
- Contact: Gregory Carafello
Quick Facts
Asking Price: | $175,000 | |
Annual Revenue: | $175,000 | |
Net Profit: | $75 | |
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 |
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.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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Profitable Salon Studio in Desirable Location
This salon studio was established in 2010 by the current owner. At this studio, employee training and education are of paramount importance. Dedicated to providing exceptional service, the studio works exclusively with a set few high-quality hair products.