Established 47 year Unisex Hair Salon

Union County, NJ

Established 47 year Unisex Hair Salon

Asking Price:$35,000

Established:47

Established 47 year Unisex Hair Salon

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Asset Sale Description

Executive Business Brokers is delighted to welcome to the market this long established unisex hair salon business located on a main street with heavy foot traffic and plenty of street parking in Union County. The business was established in 1969 by our client. The business offers a wide range of hair services ranging from classical cuts through to curling, straightening and hair coloring. Other services include hair ups for special occasions and weddings, bridal hair and nails. This is a Family owned business (Husband, Wife and Daughter) is presently only open Thursday thru Saturday from 9:00 to 1:00pm. This simple operation can run with a small staff and is being offered with a favorable rent and is currently doing no advertising. The business has EXTREMELY LOW Overhead Expenses, as the rent is only than $1,300 per month! Seller owns building and is willing to give very favorable lease with an option to buy the building (which includes 3 apartments). This is the perfect opportunity for a first time buyer or an established stylist/barber looking to own their own business. It would cost well over $100,000 to build a business like this from scratch. The owner is retiring but is willing to stay on for a small period of time to allow the new owner to capitalize on the business that has been established over 47 years. We feel the business could be greatly improved by extending the days and opening hours and updating some of the furniture and fixtures. The business is only now being offered to the market due to our clients desire to take a well-deserved retirement. THIS IS AN ASSET SALE.

Detailed Information

Facilities:
The business was established in 1969 and offers a wide range of hair services ranging from classical cuts through to curling, straightening and hair coloring. Other services include hair ups for special occasions and weddings, bridal hair and nails.
Financing:
Prime + 2% for 1 year
Support & Training:
2 weeks; will stay on and work PT
Reason for Selling:
Husband and wife looking to retire

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GENE REILLY

Asset Sale Listed By:
GENE REILLY

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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