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Listing ID: 2525024

Beautiful Salon in Montclair-Be Your Own Boss For Sale

Essex, New Jersey, United States

$ 159,000

(Furniture / Fixtures included)

Revenue: $ 458,860

Cash Flow: $ 90,705

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!

Property Details

Years Established:

11

Property Type:

Lease

FF&E:

$ 65,000

Other Details

Premise Details:

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.

Expansion Potential:

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.

Operation Details

Employees:

10 FT/2 PT

Trading Hours:

Sun 11-5 Mon/Wed 10-6 Tues 9-8 Th 10-9 Fri 10-6

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.

Miscellaneous

Financing Available:

Yes
$100,000 down/ $59,000 for 48 mos. @ 6%

Reason For Selling:

Owner is relocating to Florida with her family.

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