Full-Service Hair Salon
ServiceFor Sale in NJ
Financial & Assets Details
About the Business
Wonderful opportunity to own this ultra-modern full-service hair salon located in a highly populated affluent city of Northern, New Jersey. This salon offers a full-service menu including haircuts, blow outs, highlights, balayage, etc. They are known for their unparalleled salon experience and personalized service to create a custom-tailored perfect look. The staff makes every appointment a pleasant experience, and the stylists will bring professional care and personal advice. Their staff is skilled with the latest trends, techniques and hair care, to ensure their customers are always getting the best service and products. The salon is dedicated to making their clients fully satisfied and they focus on providing beauty treatment of the highest quality, utilizing cutting edge techniques. Their stylists have years of professional experience, and pledge to offer the finest haircut, color, and care for their customers. Along with the necessary skills to give their clients exactly what they desire, their team of stylists always listen, are energetic, and ready to offer advice and suggestions. This salon business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800. The business has an assignable commercial lease which expires 2029, with a monthly base rent of $2,113, cost per square foot is $16.42 and rent security of approximately $3,800. The projected yearly gross income is $200,000 and the business has a yearly net income of $70,000 based on an owner operator and prior to debt service. The business has been valued at $179,000 based on a multiple of the net yearly income including the value of the specific business assets. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
Growth & Expansion
The business presently has no marketing plan, poor web site and if improved can further develop the business bottom line net income.
To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
This wonderful business opportunity is in Northern New Jersey, Bergen County, which consists of various highly populated affluent communities with continued demand for this industry. This retail facility consists of 1,470 square feet with an ultra-modern professional appearance. The business is located on an active commercial avenue with various other active and successful businesses.
Support & Training
The owner is absentee and not involved in the day to day operation, however he will offer a post-closing transitional period to the new operator.
Reason for Selling:
The sale is due to the owner’s absentee ownership.