Priced Reduced! Popular Hair Salon

Montclair, NJ (Essex County)

Seller Financing Available
Priced Reduced! Popular Hair Salon
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Asking Price: Get Financing: $154,900

Cash Flow: $92,023

Gross Revenue: $495,288

EBITDA: N/A

FF&E: $65,000

Inventory: N/A

Real Estate: N/A

Established: 2006

Priced Reduced! Popular Hair Salon

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Business Description

Very busy hair salon with great stylists and long term, loyal following. They specialize in hair cuts and styling, color, chemical services, makeup and special events. They also sell some light retail offerings such as hair products and clothing accessories. Owner has set this up for the next owner to come right in and be successful. Don't miss this opportunity- priced to sell!

Detailed Information

Real Estate:
Owned
Building SF:
N/A
Employees:
10 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business moved to its current location last year after the lease ended at previous location. They moved specifically to maximize the opportunity to sell the business. This is a brand new space with long term lease in place and no expense was spared in the build out. Beautiful salon in a fantastic high-traffic street in one of the best towns in NJ. Their are 10 stations and 4 shampoo units on site.
Competition:
Many salons in the area but the clients are loyal and business has been consistent for last few years. The Stylists with the business have a great following.
Growth & Expansion:
This is a new location so the business will continue to grow over the next couple years. A new owner with operations skills can also take advantage of some expense opportunities within the current setup.
Financing:
$95,900 down/$59k for 48 mos. @ 6%
Support & Training:
Will train for 2 weeks @ no cost. Paul Mitchell Focus salon with senior stylists and color specialists. All licensing and inspections are up to date.
Reason for Selling:
Owner is relocating to Florida with her family.
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Daz Connell

Business Listed By:
Daz Connell

Murphy Business & Financial Corporation

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