Men's Hair Salon

Asking Price$150,000

Cash Flow
$78,000

EBITDA$42,000

Gross Revenue$393,900

Inventory$2,000
Included in asking price
FF&E$72,000
Included in asking price
Modern SalonSave

Men's Hair Salon


Asking Price$150,000

Cash Flow
$78,000

EBITDA$42,000

Gross Revenue$393,900

Inventory$2,000
Included in asking price
FF&E$72,000
Included in asking price

Seller Financing Available
Business Description
Full-service unisex Barber Shop & salon located in a wonderful area of Northern New Jersey and in Middlesex County. Prior to the pandemic the company had a gross income of $372,151 and a net yearly income of $78,000. This barber business offers all the required personal services to their customers. They are a full-service Barber shop / salon, representing 70% of male customers and 30% women. With their incredibly talented staff they have been providing clients with the best quality professional service for many years. They have a wonderful reputation for high-end quality service that provides dependable beauty and wellness. The company has a personal commitment to providing their clients with the absolute best, from product to service, it is their love and passion for hair and beauty that sets them apart. Along with the necessary skills to give their clients exactly what they are seeking, their team always listen, are energetic, and ready to offer advice and suggestions when asked. Our hair is a form of expression and style, and like a piece of art, our hair is a canvas. We are inspired by the poetic beauty of hair and the dynamic fashion industry that surrounds us. Their goal is to provide their customers with great service and a wonderful experience by adding new organic and natural products that are not only good for your skin, but also good for the environment. 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.
About the Business
Years in Operation
30
Number of Employees
4
Facilities & Assets
This long-standing hair salon consists of approximately 1,450 square feet with a modern and professional appearance. The business is located at a highly active commercial mall with numerous daily shoppers and many other active retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of a highly populated urban city with continued demand for this industry.
Market Outlook / Competition
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.
Opportunities for Growth
Regarding growth and expansion, the business opportunity can be further expanded by the new operator by improving the marketing plan and the local advertising. Additionally, the company has no web site and if adjusted it can further develop the business yearly gross sales.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,550
Rent
$3,850.00 per month
Lease Expiration
4/1/2035
About the Sale
Seller Motivation
The purpose of this business transaction is due to the owner’s retirement after
Transition Support
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Financing Options
Also, owner financing is available to a qualified buyer with an appropriate down paym
Listing Info
ID
2368604
Listing Views
730

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Business Listed by: Ron Cervelli Regal Consulting Corp.

Listing ID: 2368604 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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