Business For Sale

Hot Hair Salon in Hell's Kitchen

New York, NY
New York County


Asking Price: Annual Revenue:
$1,200,000 $1,300,000

Services: Hair, Nails, Spas, Tanning


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RE: Hot Hair Salon in Hell's Kitchen Broker: Bob Dunphy
Owner Financing is Available!
$200,000

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,300,000
Net Profit: Not Disclosed
Cash Flow: $400,000
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 18
BBN Listing #: 930535879
Broker Reference #: 6842-84580

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Business Overview:

This is a hot young salon in Hell’s Kitchen looking for a new owner to take it to the next level. The space is gorgeous, the staff is amazingly talented and friendly, the online reviews are raves and there is plenty of space to expand services. There are 14 styling stations, four shampoo stations and three under-utilized treatment rooms ready for new services. From the chandeliers to the upholstery this salon screams upscale style. Plus, it is currently the only salon within 10 blocks on this avenue in one of the fastest growing neighborhoods in Manhattan. Hundreds of new apartments are under construction and soon to open within that 10-block area.

Hours: Monday-Friday 11AM–8PM, Saturday 10AM–7:30PM, Sunday 11AM–6PM.

Lease: 2,200sf on ground floor plus full basement. Rent is $12,000/month including real estate taxes. 3% annual increases. Seven years remain on the 10-year lease.

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to focus on other business. Owner will train for two weeks at no charge. This business is offered at $1,200,000.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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