Hot Hair Salon In Hell's Kitchen

New York, NY (New York County)

Seller Financing Available
Hot Hair Salon In Hell's Kitchen
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Asking Price: Get Financing: $1,200,000

Cash Flow: $400,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $30,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 2014

Hot Hair Salon In Hell's Kitchen

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Business Description

This is a hot young salon in Hell’s Kitchen looking for a new owner to take it to the next level. The space is gorgeous, the staff is amazingly talented and friendly, the online reviews are raves and there is plenty of space to expand services. There are 14 styling stations, four shampoo stations and three under-utilized treatment rooms ready for new services. From the chandeliers to the upholstery this salon screams upscale style. Plus, it is currently the only salon within 10 blocks on this avenue in one of the fastest growing neighborhoods in Manhattan. Hundreds of new apartments are under construction and soon to open within that 10-block area.

Hours: Monday-Friday 11AM–8PM, Saturday 10AM–7:30PM, Sunday 11AM–6PM.

Lease: 2,200sf on ground floor plus full basement. Rent is $12,000/month including real estate taxes. 3% annual increases. Seven years remain on the 10-year lease.

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to focus on other business. Owner will train for two weeks at no charge. This business is offered at $1,200,000.

Detailed Information

Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
200000
Support & Training:
2 weeks
Reason for Selling:
other business interests
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Contact the Seller

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Bob Dunphy

Business Listed By:
Bob Dunphy

Transworld Business Advisors of NY

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.


Sponsoring Broker:
Transworld Business Advisors

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