Seller's Contact Information
- RE: Hair Salon With Revenues $800K - Great Location!
- Contact: Cheryl Venezia
Quick Facts
Asking Price: | $125,000 | |
Annual Revenue: | $823,782 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $119,228 | |
Total Debt: | Not Disclosed | |
FF&E: | $7,560 | |
Real Estate: | Not Disclosed | |
Year Established: | 1980 | |
Employees: | 10 | |
BBN Listing #: | 32194955 | |
Broker Reference #: | 3407-17065 |
Business Overview:
2022 Revenues at an all-time high over $800,000!
With a loyal and solid customers base, this busy salon has been in Passaic County for 30 years and is in a great location, in a large shopping mall next to a major supermarket.
2022 Revenues at $823,000
Loyal customer base, plus good foot traffic from walk-ins
Experienced and educated stylists on staff - 7 full-time, 3 part-time
Provides services for the entire family, serving a wide variety of age groups and styles
Haircuts, chemical treatments (color, straightening/smoothing), makeup and waxing
2000 sq ft of space with floating laminate floors, reasonable rent
11 hair stations, 4 sinks, 3 dryers, private waxing room, storage area, break room
Sales price includes up to $40,000 of inventory (back bar and retail) and POS software system
Turn-key opportunity, everything is in place for the new owner to take over!
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Property Features and Assets:
Beautifully maintained, there is 2,000 square feet in a shopping complex that features a supermarket, national chain stores, bank, fast food and other retailers. Assets = $47,560
Market Competition and Expansion:
There are a few competitors in the area. This business has an established clientele. The busy strip mall location is a competitive advantage. There is room to hire additional stylists and provide nail services.
Reason for Selling:
Owner is retiring.
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
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