Busy Midtown Salon Serving Locals

New York, NY
New York County


Asking Price: Annual Revenue:
$750,000 $550,000

Services: Hair, Nails, Spas, Tanning


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RE: Busy Midtown Salon Serving Locals Broker: Bob Dunphy

Quick Facts

Asking Price: $750,000
Annual Revenue: $550,000
Net Profit: Not Disclosed
Cash Flow: $250,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1966
Employees: 8
BBN Listing #: 87435879
Broker Reference #: 6842-27897

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Business Overview:

This busy Midtown East salon has been satisfying picky neighborhood residents, local hotel staff and business executives, world travelers and airline crews for almost 20 years with their professional and quick service. Featuring 11 chairs, three shampoo stations and a well-trained full time staff of experienced stylists, they know how to make their clients look and feel great. Services include shampoo, hair cut, blow dry, coloring, highlights, wig styling, perms, threading and extensions.

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Property Features and Assets:

Opened as an independent salon in 1996 by the owner/lead stylist. Same ownership and location for 18 years. Well known in the neighborhood and recommended by residential and hotel concierges.

Market Competition and Expansion:

One of approximately 10 salons within a five block radius. One of the only salons directly on this busy avenue. Distinguished by experience and full range of services as many other specialize in only one or two. Also, open seven days a week. While the current owner does market, this store could benefit from loyalty marketing online, via email and in-store promotions to ensure return business. Revenue gains also could come from chair rentals, makeover parties, cross-promotion with other event/party/bridal businesses and other in-store events.

Reason for Selling:

Relocating

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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