Very Busy Hair Salon/Nail Salon Lots of Foot Traffic
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HS Listing ID-69948
Very BUSY Hair Salon/Nail Salon lots of foot traffic
100% all cash business
2 Owners. 1 works 4 days a week 1 works 5 days a week. Business is open 7 days a week. Basement has 4 rooms that are rented out, 3 hair stylist that work on 50/50 1 nail tech 50/50%- all of that covers rent.
Salon Service Revenue $637,315
Room Rentals $31,200
Chair Rentals $36,000
Total Revenue $704,515
Commissions (5 Stylists @ 50%)
Assuming the commission stylists generated the salon service revenue:
$637,315 × 50% = $318,658
Salaried Employee
$900 × 52 weeks = $46,800
Rent
$5,500 × 12 = $66,000
rent is $5500 1 year left 5 year option available. Equipment approx $30k worth of Equipment
Both owners take home $10k a month
Reason for selling is Owners moving to Long Island and commute is too far.
Ideal Buyer Profile:
Hair stylist currently renting a chair
Nail tech renting a booth
Beauty professional working for someone else
Someone tired of commission splits
Entrepreneur looking for self-employment
Why They’re Perfect:
They can step in and work immediately
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Very BUSY Hair Salon/Nail Salon lots of foot traffic
100% all cash business
2 Owners. 1 works 4 days a week 1 works 5 days a week. Business is open 7 days a week. Basement has 4 rooms that are rented out, 3 hair stylist that work on 50/50 1 nail tech 50/50%- all of that covers rent.
Salon Service Revenue $637,315
Room Rentals $31,200
Chair Rentals $36,000
Total Revenue $704,515
Commissions (5 Stylists @ 50%)
Assuming the commission stylists generated the salon service revenue:
$637,315 × 50% = $318,658
Salaried Employee
$900 × 52 weeks = $46,800
Rent
$5,500 × 12 = $66,000
rent is $5500 1 year left 5 year option available. Equipment approx $30k worth of Equipment
Both owners take home $10k a month
Reason for selling is Owners moving to Long Island and commute is too far.
Ideal Buyer Profile:
Hair stylist currently renting a chair
Nail tech renting a booth
Beauty professional working for someone else
Someone tired of commission splits
Entrepreneur looking for self-employment
Why They’re Perfect:
They can step in and work immediately
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $5,500.00 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2478477
- Listing Views
- 166
Listing ID: 2478477 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.
Businesses for SaleNew York Businesses for SaleNew York Hair & Beauty Businesses for SaleNew York Beauty Salons & Barber Shops Businesses for Sale
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