Luxury Hair Salon in Midtown East for Sale

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$499,000 $549,946

Services: Hair, Nails, Spas, Tanning

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RE: Luxury Hair Salon in Midtown East for Sale Broker: Sherry M. Wang

Quick Facts

Asking Price: $499,000
Annual Revenue: $549,946
Net Profit: Not Disclosed
Cash Flow: $171,000
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. Salon has 1,000 square feet with 8 cutting stations, 3 shampoo stations, a kitchen and a bathroom. The artistic interior created an architecturally beautiful and classic space, filled with luxurious surfaces. It offers haircuts, coloring, styling, conditioning, treatments, and extension service. The owner and the salon were featured by many leading magazines and other media, it also has built a great social media presence. Clients come from all over the NYC area, the U.S. and abroad. The staff of 10 includes eight stylists.

The owner has his own product line which needs him to spend more and more time on, therefore he is looking for a new owner to take over the salon either without him working there, or with him working there for a flexible schedule. Investors are welcome. Great investment with reliable profit.

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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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