Modern Full Service Hair Salon

Not Disclosed, NJ
Ocean County


Asking Price: Annual Revenue:
$125,000 $232,235

Services: Hair, Nails, Spas, Tanning


Request More Information
Contact the Seller

RE: Modern Full Service Hair Salon Broker: Ron Cervelli
Owner Financing is Available!
May be available with an appropriate down payment.

Quick Facts

Asking Price: $125,000
Annual Revenue: $232,235
Net Profit: Not Disclosed
Cash Flow: $107,000
Total Debt: Not Disclosed
FF&E: $98,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 5
BBN Listing #: 36673909
Broker Reference #: SLN193

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Modern 33-year-old, highly successful hair salon consisting of an attractive single unit commercial condominium. This salon facility has a gross yearly income of $232,000 and a net income to the owner operator of $107,000. The business has been recently upgraded with an attractive image. The business also services a huge 55 plus adult community. 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. This wonderful hair salon 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 $8,800. The business transaction will include a new commercial lease which expires 2029, plus additional options available, with a monthly rent of $1,500, and rent security of approximately $3,000. The business has been valued / priced at $125,000 based on a multiple of the net yearly income and includes the value of the specific business assets OR the first reasonable offer. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. 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.

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.

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:

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:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!