Price Drop!! Luxury Hair Salon in Midtown East for Sale

New York County, NY

Seller Financing Available
Price Drop!! Luxury Hair Salon in Midtown East for Sale
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Asking Price: $175,000

Cash Flow: $171,000

Gross Revenue: $549,946

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $9,900 /Month

Established: 2009

Price Drop!! Luxury Hair Salon in Midtown East for Sale

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Business Description

Profitable Salon, must sell!

This famous luxury hair salon is owned and operated by a celebrity stylist. It’s located right next to a subway train station in the busy Midtown East neighborhood. Salon has 1,000 square feet with 8 cutting stations, 3 shampoo stations, a kitchen and a bathroom. The artistic interior created an architecturally beautiful and classic space, filled with luxurious surfaces. It offers haircuts, coloring, styling, conditioning, treatments, and extension service. The owner and the salon were featured by many leading magazines and other media, it also has built a great social media presence. Clients come from all over the NYC area, the U.S. and abroad. The staff of 10 includes eight stylists.

The owner has his own product line which needs him to spend more and more time on, therefore he is looking for a new owner to take over the salon either without him working there, or with him working there for a flexible schedule. Investors are welcome. Great investment with reliable profit.

Detailed Information

Location:
New York County, NY
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
10
Facilities:
10 years
Competition:
very limited competition nearby.
Growth & Expansion:
The owner has less time managing the salon in recent years, but the revenue was still very stable for over $500,000/year. If the new owner does proper management and marketing for the salon, there is a great potential for the business to grow.
Financing:
$75,000
Support & Training:
2 weeks
Reason for Selling:
other interests
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Sherry Wang

Business Listed By:
Sherry Wang

Transworld Business Advisors of Flushing

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