Successful Hair Salon for Sale

Ocean County, NJ

Successful Hair Salon for Sale

Asking Price:$289,900

Cash Flow:$160,000

Gross Revenue:$475,000




Rate/Sq. Ft.:$30.50


Successful Hair Salon for Sale

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Business Description

This salon is built for high volume. It is purposely designed and set up to be managed by a non hairdresser owner or a working hair stylist. All systems and policies make it easy to own and operate this salon. The salon is a high volume, high cash flow salon. Hair services, as well as waxing services, are provided for men, woman and children.
The salon is open 7 days a week, Monday thru Friday from 9-8, Saturday from 9-5 and Sunday from 10-3.
There are 14 full and part time employees, 1 manager, 2 desk personnel and 1 shampoo assistant.
Buyer must be approved by the landlord in order to purchase this business. Prior business ownership or salon experience is helpful. A personal net worth of one million dollars is required for landlord approval.
This salon is set-up to be owned and managed by a non-stylist. It is a perfect fit for a professional person to own and operate by themselves or for an investor, looking to get their investment back in 2 years.

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
This salon is 2000Sf, located in a large, well-established strip center on a very busy highway. The center contains two major retail stores, a large supermarket plus 15 additional retail stores and restaurants. There are one and a half years remaining on the lease. Rent is fixed for this term at $6472.14, which includes taxes and cam charges. There is an option for an additional 5 years, with a fixed $500.00 increase.
Growth & Expansion:
Promotion of retail sales and facial services will increase sales. A new town home and apartment complex is currently under construction adjacent to the center.
Support & Training:
The seller will provide training and will be available for consultations up to 45 days after closing.
Reason for Selling:

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Judy Gallery

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Judy Gallery

Turton Commercial

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