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Businesses For Sale   >>   Hair and Beauty Businesses For Sale

Attractive Hair & Nails Salon

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $285000
Net Profit / Cash Flow  $80000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1990
Number of Employees  6 - 9
Inventory  75000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The owner will remain post closing for 30 days to supply a transitional period.
Reason for Sale  Alternative business industry out of the immediate area.

Attractive Hair & Nail salon located minutes form the New Jersey Giants Stadium. The business has existed for many years with a consistent income to the owner operator. The business has a yearly gross income of $285,000 and a dependable net income of $80,000. The owner is relocating into an alternative industry and will train and finance the sale to the purchaser. Additionally the seller will supply an immediate option to purchase the property. The sale includes various work stations, displays, shelving, POS system, tables, chairs, sinks, computer, including all the necessary equipment to maintain the day to day business operation. This particular business has eight employees, four hair dressers and four nail hosts, who are unaware of the pending sale and fully expect to remain post closing, monthly payroll $8,666. The sale includes a ten year commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $2,500 and rent security $2,500 and an option to purchase the property at fair market value. The facility has appropriate municipal parking nearby to the business. The business is active six days per week, with hours from 9:00 am to 8:00 pm. The sale includes a certificate of occupancy from the particular municipality and state license approval to conduct business. Based on the asking price, required down payment and yearly net income, this business expect to supply a 35% investment return to the owner operator. The facility consists of a 1,300 square foot retail store on an active commercial avenue with a huge volume of successful businesses. The business has a clean attractive image and is fully equipped to conduct its day to day operation. The business is located in Southern Bergen County, NJ minutes from the New Jersey Giants Stadium.

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