Turnkey, established hair salon with $200k+ revenues

New Providence, NJ (Union County)

Seller Financing Available
Turnkey, established hair salon with $200k+ revenues

Asking Price:$47,500

Cash Flow:$45,734

Gross Revenue:$315,124

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:1993

Turnkey, established hair salon with $200k+ revenues

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Business Description

Established Salon/Spa. Recently remodeled, providing an inviting, serene, and professional atmosphere for our clients.

Services offered include: styling, coloring, keratin treatments, facials and waxing.

Current staff of six includes: 4 creative and talented stylists (including owner), a highly-efficient and friendly receptionist, and a loyal assistant - each offering impeccable service to our long-standing clientele.

23 years in prime location with plenty of parking.

Salon is open Tuesday - Saturday
Owner looking to retire, but will stay on with negotiated terms.

Detailed Information

Real Estate:
Leased
Building SF:
1,380
Lease Expiration:
N/A
Employees:
6
Facilities:
Salon is in newly-renovated and up-scale shopping plaza with plenty of parking. Mall features a bank, post office, popular farmer's market, and gym, drawing ample traffic throughout the day.New Providence boasts a brand new 55+ community opened in 2016, world-class Olympic swimming venue - both within blocks of business bringing more clients to the area. 7 styling stations, 3 sinks, 3-chair color station, 2 dryers, 2 pedicure chairs, 1 manicure table, facial room, reception/retail area. All fixtures new with 2015 remodel.
Growth & Expansion:
New Providence boasts a brand new 55+ community opened in 2016, world-class Olympic swimming venue - both within blocks of business bringing more clients to the area. This location can accommodate 3 more stylists, a manicurist, and esthetician. Opening on Sunday would increase sales.
Support & Training:
Owner willing to stay on as stylist (with negotiated terms) to ensure uninterrupted and steady client-flow.
Reason for Selling:
owner retiring
Business Website:
http://www.nickelstreetsalon.com

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Mike Janis

Business Listed By:
Mike Janis

NJ Brokers Plus LLC.

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