Business For Sale

Hair Salon

Not Disclosed, NJ
Ocean County


Asking Price: Annual Revenue:
$169,000 $315,000

Services: Hair, Nails, Spas, Tanning


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RE: Hair Salon Broker: Ron Cervelli

Quick Facts

Asking Price: $169,000
Annual Revenue: $315,000
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: $98,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 5
BBN Listing #: 43503909
Broker Reference #: SLN177

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Business Overview:

Modern thirty-two-year-old highly successful hair with a gross yearly income of $315,000 and a net income to the owner operator of $110,000. The business has been recently upgraded with an attractive image. The business also services a huge 55 plus adult community. For Qualifications purposes, this business opportunity industry requires state government licensing approval to operate in addition to the standard required municipal licenses. Regarding employees and payroll, this wonderful hair salon company has five full / part time employees who are unaware of the pending sale. The payroll is primarily based on a set payment and commission, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,125. The business transaction has an assignable commercial lease which expires 2023-01-01, plus additional options available, with a monthly rent of $2,041, cost per square foot is estimated at $15.09, and rent security of approximately $3,500. The business fixed assets has an estimated value of approximately $98,000 which is based on the original equipment and licensing buildout & replacement cost. This successful hair salon business operation is active Tuesday-Saturday, with hours from 8:00 am to 6:00 pm. The business has been valued / priced at $169,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This successful retail facility which consist of multiple floors, approximately 1,623 square feet has a modern and attractive professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in central New Jersey, Ocean County, which consists of various highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business can be further expanded by the new operator, the salon presently does not have a marketing plan, no local advertising, no web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

Owner is retiring and relocating out of the state.

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.

Documents:

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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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