Return to broker profile

Modern Full Service Hair Salon

Ocean County, NJ

Seller Financing Available
Modern Full Service Hair Salon
Contact Seller

Asking Price: $125,000

Cash Flow: $107,000

Gross Revenue: $232,235

EBITDA: N/A

FF&E: $98,000

Inventory: N/A

Real Estate: N/A

Established: 1986

Modern Full Service Hair Salon

Save Print Share Valuation Report

Business Description

Modern 33-year-old, highly successful hair salon consisting of an attractive single unit commercial condominium. This salon facility has a gross yearly income of $232,000 and a net income to the owner operator of $107,000. The business has been recently upgraded with an attractive image. The business also services a huge 55 plus adult community. 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. This wonderful hair salon has five full / part time employees who are unaware of the pending sale. The payroll is primarily based on a set payment and commission, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,800. The business transaction will include a new commercial lease which expires 2029, plus additional options available, with a monthly rent of $1,500, and rent security of approximately $3,000. The business has been valued / priced at $125,000 based on a multiple of the net yearly income and includes the value of the specific business assets OR the first reasonable offer. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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:
Ocean County, NJ
Real Estate:
Owned
Building SF:
1,623
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This successful retail facility which consist of multiple floors, approximately 1,623 square feet has a modern and attractive professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in central New Jersey, Ocean County, which consists of various highly populated communities with continued demand for this industry.
Competition:
To the best of our knowledge, due to various circumstances, 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 can be further expanded by the new operator, the salon presently does not have a marketing plan, no local advertising, no web site and if improved can further develop the business yearly gross sales.
Financing:
May be available 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.
Reason for Selling:
Owner is retiring and relocating out of the state.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1680291 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


HMG Weight Loss Franchises

Franchise Opportunity
Cash Required: $60,000