Hair salon in Prime Location- 31927

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$250,000 $540,000

Retail: Health, Beauty, Nutrition

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RE: Hair salon in Prime Location- 31927 Broker: Seller of Business

Quick Facts

Asking Price: $250,000
Annual Revenue: $540,000
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: $3,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 58084447
Broker Reference #: 31927

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Business Overview:

Just wait until you see this busy and elegant hair salon on a major avenue near Midtown Manhattan. 80% of its business is walk-in. Three years ago, it was converted from a coffee shop into a hair salon at no small expense and it shows. The salon sales average $45K per month. 60% of those sales are on credit card; 40% in cash. Everything is on the Shedul software system installed in 2018. Not only is the owner willing to provide you with all he transitional support & training you will need to manage this business, but he would also like to stay on three days a week as a stylist and will rent a chair from you on mutually agreeable terms. Asking less than 1.5 times his verifiable cash flow of $180,000, annually, this is among the best values you will find in this space, especially given the money poured into the build out and accompanying furniture, fixtures, and equipment. Please do not say anything to the employees or customers when visiting the location, as they don't know it's for sale. Kindly then contact the listing broker, Jay Goldman, to make an appointment to meet with the seller and get a full tour of the facilities. Please contact broker or email us for further information.

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Additional Details:

  • The property is owned.
  • 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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