Seller's Contact Information
- RE: Modern Hair Salon
- Contact: Customer Service
Quick Facts
| Asking Price: | $69,900 | |
| Annual Revenue: | $330,000 | |
| Net Profit: | $38 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 5 | |
| BBN Listing #: | 82093909 | |
| Broker Reference #: | SLN235 |
Business Overview:
Modern Hair Salon located in a highly active commercial mall in Edison NJ and priced to sell. The successful Salon has ten qualified stylists for a new increase in income. The business has a gross income of $330,000 and a net yearly income of $38,000. From specialists with curly hair to razor cuts, long hair to fades, this Salon is fully equipped. This experienced stylist’s business caters to distinct hair types, facial shapes, and lifestyles. The salon will teach how to obtain a salon finished look and will recommend products for daily at home maintenance. The hair industry is a visual art form, and many bring pictures, magazine clippings, and other examples to aide your stylist to grasp your vision. Other helpful hints include a description of your lifestyle, job requirements, and amount of time you allot for daily hair care. Adding color, dimension, or texture can be a fantastic way to enhance your natural look, allow you to standout as an individual, or simply cover grays. Keeping the integrity and condition of your hair healthy is their first priority and the guests always are assured that a thorough consultation is included with each chemical service. You can count on their knowledgeable stylists to explain to you what will work best with your own unique style. Based on the asking price, required down payment and net income this business should supply a 40% return to the owner operator prior to debt service. This is an exciting safe business opportunity and based on price, projected income, this business expects to supply a consistent return on investment to the owner operator.
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:
The business is located in the Edison NJ area, Middlesex County in a very active commercial mall with dozens of other successful businesses a huge supper market. The facility consists of 2,000 square feet in an attractive modern store front setting with substantial private parking as part of the lease agreement. The business has fourteen chairs plus other areas which conduct additional services to its customers.
Market Competition and Expansion:
Regarding competition, to the best of our knowledge, 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.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $499,000Medical Weight Loss and MedSpa w/ real estate!
Attn NP’s, PA’s, Doctor’s and non-medical individuals that want to work for themselves! High profit opportunity, fully turnkey in newly remodeled clinic, all new equipment, fully furnished - why lease when you can own! Business is up and running-buy today, start working tomorrow. Close before 12/31/23 for $20,000 off listing price. 2 weeks free training. ROI potential of 2x asking price in first year! Contact us today for more information!
Asking Price: $612,500Profitable Salon Studio in Desirable Location
This salon studio was established in 2010 by the current owner. At this studio, employee training and education are of paramount importance. Dedicated to providing exceptional service, the studio works exclusively with a set few high-quality hair products.
