Hair Salon- Very successful! Great Town!

Undisclosed Address, New Jersey
Business Opportunity for Sale
Catylist Listing ID: 30049717
Property Subtypes: Hair and Beauty
Building Size (RSF): See Agent
Sale Price: $199,000
Year Business Established: 2006
Gross Revenue: $458,860 (Annual)
Cash Flow: $90,705 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/15/2017

Overview / Comments

Very busy hair salon with great stylists and long term, loyal following. They specialize in hair cuts and styling, color, chemical services, makeup and special events. They also sell some light retail offerings such as hair products and clothing accessories. Owner has set this up for the next owner to come right in and be successful. Don't miss this opportunity- priced to sell!

Additional Details

Industry Segment: Beauty Salons and Barber Shops
Reason for Selling: Owner has a baby at home and is looking for more flexibility and wants to explore consulting.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $65,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The business moved to its current location 6 months ago after the lease ended at previous location. They moved specifically to maximize the opportunity to sell the business. This is a brand new space with long term lease in place and no expense was spared in the build out. Beautiful salon in a fantastic high-traffic street in one of the best towns in NJ. Their are 10 stations and 4 shampoo units on site.
Employee/Labor Description: 10 FT/2 PT. Sun 11-5 Mon/Wed 10-6 Tues 9-8 Th 10-9 Fri 10-6.
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. Paul Mitchell Focus salon with senior stylists and color specialists. All licensing and inspections are up to date.
Competition/Market Description: Many salons in the area but the clients are loyal and business has been consistent for last few years. The Stylists with the business have a great following.
Growth/Expansion Opportunities: This is a new location so the business will continue to grow over the next couple years. A new owner with operations skills can also take advantage of some expense opportunities within the current setup.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 786 20,823
Median Age: 42.75 39.37
Households: 280 7,291
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.