Recognized by W & Glamour Top 200 as one of leading salons in country

Morris County, NJ

Seller Financing Available
Recognized by W & Glamour Top 200 as one of leading salons in country
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Asking Price: $627,000

Cash Flow: $313,490

Gross Revenue: $2,892,455

EBITDA: $313,490

FF&E: $98,500

Inventory: $50,000*

Rent: $7,200 /Month

Established: 1983

*not included in asking price.

Recognized by W & Glamour Top 200 as one of leading salons in country

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Business Description

Recognized by W & Glamour Magazine and Salon Today-Top 200, as one of the leading salons in the country. Full service salon has been in business for 34+ years and operates out of 3,000 sq.ft. plus 2,000 sq.ft. on 2nd floor. Seller will stay on for smooth transition. This is a well organized & computerized turnkey operation with an outstanding website. Open 5 days a week. Best beauty & spa treatments. Outstanding marketing team supported by appointment request, reviews, app sharing via social web sites, customer feedback, checking appointment status, svc menu, mobile referral program, gift cards, click to call & special offerings. Intercoiffure Award for Faithful Service, Shining Stars Award, Educator of the Century Award. Excellent Men's Grooming. Event Hair Dressing and Up Do's Eyelash Extensions.and Human Hair Extensions.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2019
Employees:
39
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful and efficient facilities. 3,000 sq ft on 1st floor and 2,000 sq ft on 2nd floor. Very well organized to provide efficient facilities for all phases including design, trim and cutting, color, styling, nail salon, curl relaxing, keratin smoothing, body or texture waves, manicures, pedicures, hair removal, facials and make up. A complete men's grooming department is maintained. Best customer care / focus approach we have seen. Recognized by W & Glamour Magazine and Salon Today-Top 200, as one of the leading salons in the country
Competition:
Upscale Salon has very limited competition in the area. The customer care and focus is truly the best and corresponds to the owners intense quality / care focus. CUSTOMER TESTIMONY: I'v been using this shop for over 35 years. I've seen it grow from a 2 chair operation to the excellent salon it is today. The reason for their success is that they treat their employees like their customers. Both are treated with care and professionalism. Owner is a true professional and makes your visit memorable.
Growth & Expansion:
Salon is presently closed on Sunday and Monday presenting a significant opportunity to expand hours open and revenue.
Financing:
Yes
Support & Training:
Highly Professional / Qualified Owner will stay on as needed to ensure an excellent introduction / transition / continuation process for the new owner.
Reason for Selling:
Retirement
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ROBERT HINKLEY

Business Listed By:
ROBERT HINKLEY

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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