Wonderful business opportunity to own this successful ultra-modern hip yet unintimidating atmosphere hair salon in Northern New Jersey. This combination hair salon and spa consists of an ultra-modern facility on a convenient county road with lots of private parking. The business has been priced for a quick sale based on the value of the assets which consist of a fully operational salon. The salon prides themselves that their stylists are relaxed yet offer top-notch service in hair styling and hair coloring. They offer a culmination of friendship and trust and their experienced cutters and colorists create beauty and style. They offer hair extensions and keratin treatments, bridal hair styling and various color and chemical services. Their spa welcomes its clients to experience professional services to make your skin look perfect. They offer a unique state of the art result-oriented facials such as microdermabrasion, ultrasound treatment, deep pore cleansing facial with thorough extraction and aromatherapy relaxation. This popular salon & spa business consists of 4 part time employees who are unaware of the pending sale. The payroll is primarily based on a 50% percentage of production plus tips, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $5,600. The business has been valued / priced at $125,000 which is based on the value of the existing assets and a multiple of the net yearly income. The business transaction has an assignable commercial lease which expires 2023, plus additional options available, with a monthly rent of $3,200, cost per square foot is estimated at $24 and rent security of approximately $6,000. 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. 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.
This successful salon consists of approximately 1,600 square feet and has a modern warm appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.
Regarding 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.
The business can be further expanded by the new operator by employing additional stylist, including a new web site, and a marketing plan, which can improve the business yearly gross sales.
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:
The purpose of this business transaction is due to the owner’s relocation out of the state.