Prestigious Midtown Salon: Possible Partnership

New York, NY
New York County

Asking Price: Annual Revenue:
$1,250,000 $2,321,529

Services: Hair, Nails, Spas, Tanning

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RE: Prestigious Midtown Salon: Possible Partnership Broker: Bob Dunphy

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $2,321,529
Net Profit: Not Disclosed
Cash Flow: $592,995
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 25
BBN Listing #: 738935879
Broker Reference #: 6842-54850

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Business Overview:

This prestigious midtown salon owned and operated by a celebrity stylist seeks a buyer or partner/investor. A stunningly built-out salon in the heart of Manhattan, it caters to the city’s most particular and loyal patrons. From the services offered to the space design to the impeccable customer service, everything about this business says “Custom Quality.” Not only does the salon perform stylish cuts and color, it specializes in meeting the needs of those with fine or thinning hair, and offers custom-designed hair pieces, wigs and extensions. The salon’s own hair additions are made from the finest-quality human hair and are expertly cut, colored, styled, hand-finished and personally adjusted. The salon offers hundreds of types of hair extensions, additions, wigs and hairpieces, and has its own product line.
Clients come from all over the NYC area, the U.S. and abroad for services that start with a personal consultation to determine each client’s specific needs, such as thicker hair, longer hair, more hair, customized color or other image enhancements. All consultations and services take place in large, private rooms to allow the ultimate in comfort and discretion, or on the lively salon floor. The staff of 25 includes eight stylists.

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Property Features and Assets:

Hours: Tuesday-Friday 9am-5pm, Saturday 8am-5pm. Closed Sunday & Monday. The Salon has a Beautiful new location featuring four VIP styling rooms, two VIP shampoo rooms, one consultation room, four shampoo stations, an open area with ten chairs, two restrooms, a backroom work area and basement storage. Lease: 2,500 square feet on the second floor, plus basement storage and office (on separate floor). Below-market rent at $16,480/month, plus property taxes. Eight years remain on the 10-year lease, which expires September 30, 2024.

Reason for Selling:

Considering alternatives. Will consider a partner.

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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