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Hair Salon & Spa

Middlesex County, NJ

Seller Financing Available
Hair Salon & Spa
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Asking Price: $150,000

Cash Flow: $33,000

Gross Revenue: $327,000

EBITDA: N/A

FF&E: $90,000

Inventory: $1,500

Rent: $2.58 /Month

Established: 2011

Hair Salon & Spa

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Business Description

Wonderful business opportunity for this successful full-service hair salon and spa located in a most convenient area of Northern New Jersey, Middlesex county. The salon has a gross income of $327,000 and offers all the required personal services to their customers. In the next few months the company is scheduled to offer additional services from medical professionals such as Botox, and specialized hair treatment which will substantially increase the income. The owner has now elected to retire and has set the price very aggressively. This salon has a wonderful reputation and does it all, their cuts will make your hair look healthy, smooth, and thicker by getting rid of broken and damaged hair, as well as split ends. Also, of importance is their maintenance cuts which will prevent your split ends from further splitting. If styling is not your thing, a shorter, low-maintenance look might be something for you! They will cut your hair into any requested style; because their focus has always been and will always be to make their clients feel and look gorgeous with a new cut as you leave their salon. This salon offers the ultimate hair color experience with healthy ingredients you can feel good about. This company has twelve full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,973. The employees consist of hair cosmetologist, nail techs, massage therapists, esthetician, etc.The business has an assignable commercial lease which expires 2032-01-01, plus additional options, with a monthly rent of $7,041 all in, cost per square foot is estimated at $30.98 and rent security of approximately $18,000. The business fixed assets has an estimated value of approximately $90,000 which is based on equipment and licensing replacement cost. This successful salon spa business operation is active six days per week, with hours from 9:00 am to 8:00 pm. The yearly gross income is $327,000 and the business has a yearly net income of approximately $33,000 based on an onsite owner operator and prior to any debt service. The 2018 income has further increased, and the company expects to have a a substantial income growth during the next twelve months. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Location:
Middlesex County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,614
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility which consist of approximately 2,614 square feet plus basement, has a modern professional appearance and is in a mid-size commercial mall with various other active retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this personal industry.
Competition:
To the best of our knowledge, it is our understanding, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has a limited marketing plan, basic poor web site which has not been optimized and if improved can further develop the business yearly gross sales.
Financing:
May be considered.
Support & Training:
If requires the owner is prepared to remain post-closing to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Reason for Selling:
The sale is due to the owner is retirement after many years in this industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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