Very Unique and Reputable Hair Salon

Not Disclosed, NY
Oneida County


Asking Price: Annual Revenue:
$1,500,000 $617,860

Services: Hair, Nails, Spas, Tanning


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RE: Very Unique and Reputable Hair Salon Broker: Jona Quiles

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $617,860
Net Profit: Not Disclosed
Cash Flow: $136,784
Total Debt: Not Disclosed
FF&E: $76,302
Real Estate: $735,000
Year Established: Over 30 years
Employees: 3
BBN Listing #: 802063947
Broker Reference #: 7182022-987846

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Business Overview:

Large historical building housing a hair salon with phenomenal reputation! Regular customer base with loyalty in the decades. Very unique in that the property contains three structures housing seven apartments, fully furnished and rented. Aside from this plot is a neighboring two apartment house, fully rented and comes with the sale. Not only is this a profitable business, but it's income producing without the business! Seller willing to stay on as an employee and train as long as needed for free.

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Property Features and Assets:

1800's historical mansion (business and four apartments) with a two family and a single family house on the property. Busy main street. Plot next door is a two family house and comes with the purchase. All apartments are fully rented. $180,000 in rental income.

Market Competition and Expansion:

The hair salon and barber business has been very successful through Covid and haircuts were rated the number one service purchased last year. The addition of more stylists can easily be done and would increase revenues.

Reason for Selling:

Retirement

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.

Documents:

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