Luxury Hair Salon in Midtown East for Sale

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$175,000 $537,632

Services: Hair, Nails, Spas, Tanning

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RE: Luxury Hair Salon in Midtown East for Sale Broker: Sherry M. Wang
Owner Financing is Available!

Quick Facts

Asking Price: $175,000
Annual Revenue: $537,632
Net Profit: Not Disclosed
Cash Flow: $110,210
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 10
BBN Listing #: 564852376
Broker Reference #: 86471-916797

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Business Overview:

This famous luxury hair salon is owned and operated by a celebrity stylist. It’s located right next to a subway train station in the busy Midtown East neighborhood. The artistic interior created an architecturally beautiful and classic space, filled with luxurious surfaces.
• 1,000 square feet with 8 cutting stations, 3 shampoo stations, a kitchen and a bathroom.
• Rent is $9,200/month. New 5 + 5 years lease available.
• The owner and the salon were featured by many leading magazines and other media. Great social media presence with clients came from all over the country and even overseas.
• Employees include 8 stylists, 2 assistants.
• Owner is semi-absentee, all staff are in position and willing to stay. Sales are very stable, great profit margin, possible for absentee ownership options.
• Brand has been built for 10 years with unique design and concept, great potential for expanding to multiple locations.

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Property Features and Assets:

10 years.

Market Competition and Expansion:

Very limited competition nearby. Potential Growth The owner has less time managing the salon in recent years, but the revenue was still very stable for over $500,000/year. If the new owner does proper management and marketing for the salon, there is a great potential for the business to grow.

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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