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Businesses For Sale   >>   New York Businesses For Sale   

Large Hair Salon - Midtown Manhattan

Location  New York County, New York, United States
Asking Price Range  $250K - $500K
Gross Revenues  $840000
Net Profit / Cash Flow  $252000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  20 - 34
Inventory  75000
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Leased
Training  Seller will provide training
Reason for Sale  Other business interests

Description  
Located just off Fifth Avenue in the heart of Midtown Manhattan, this well-appointed street-level 2,000 sq.ft. hair salon comes with 30 styling stations and 22 stylists. The current owners have launched a separate international distribution business and are each now only present at the salon a couple of days a week. They have a strong and effective manager in place running things smoothly. In addition to its loyal clientele, monthly promotions bring in midtown workers and tourists looking for a deal. Hotel concierges who favor this salon direct their guests here. Asking less than 2 X the $252,000 the owners take out, this business is a bargain at $499,000 (only $399,000 down and $100,000 in seller financing). $42,000 of the $252,000 in profit comes from wholesaling high-end salon products to major pharmacies. The owners will be glad to further explain how you can build on this. Please email or call Senior Vested Business Broker Jay Goldman at 646-670-1961 for an appointment to take a full tour and speak with the seller.


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