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Full Service Hair Salon

Morris County, NJ

Seller Financing Available
Full Service Hair Salon
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Asking Price: $99,900

Cash Flow: $67,438

Gross Revenue: $108,265

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $1,819 /Month

Established: 1988

Full Service Hair Salon

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Business Description

Excellent business opportunity to own a profitable salon in an affluent area of Morris County, with a consistent income. This highly successful premier hair salon provides a strong emphasis on cutting edge artistry with first class guest services. They do their very best to stay abreast of the newest trends while being able to translate them into workable styles, running the spectrum from the uptown businessperson to the young and trendy downtowners. Their versatility combined with focus on outstanding customer experience makes every guest feel unique. They believe their customers are more than just the service to hair. The salon is located in a convenient mall on a county road and provides a variety of salon services, including hair styling, cutting, highlighting and coloring. Lots of private parking is available. Excellent business opportunity to own a profitable salon in an affluent area of Morris County, with a consistent income. This highly successful premier hair salon provides a strong emphasis on cutting edge artistry with first class guest services. They do their very best to stay abreast of the newest trends while being able to translate them into workable styles, running the spectrum from the uptown businessperson to the young and trendy downtowners. Their versatility combined with focus on outstanding customer experience makes every guest feel unique. They believe their customers are more than just the service to hair. The salon is located in a convenient mall on a county road and provides a variety of salon services, including hair styling, cutting, highlighting and coloring. Lots of private parking is available. This is a dependable safe business opportunity. The business transaction has an assignable commercial lease which expires 01/01/2024, plus additional options are available, with a monthly rent of $1,819 all in, cost per square foot is estimated at $22.50 and rent security of approximately $ 2,500. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are unaware of the pending sale, all viewings are by appointment only and the photo does not represent this particular business opportunity.

Attached Documents


Detailed Information

Location:
Morris County, NJ
Real Estate:
Leased
Building SF:
970
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This wonderful business opportunity is in Northern New Jersey, Morris County, which consists of various affluent and highly populated communities with continued demand for this particular service. This long standing and highly successful salon consist of a retail facility of approximately 970 square feet with an attractive appearance. The business is in a mid-size commercial mall with numerous other active and successful businesses.
Competition:
To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business can be further expanded by the new operator with an improved marketing plan and local advertising, a web site and if instituted can further develop the business yearly gross sales.
Financing:
Available to a qualified buyer with an appropriate down payment.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if available the seller may be available to remain on a part time basis.
Reason for Selling:
The owner is retiring after many years of success in this service industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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