Attractive Upper East Side Hair Salon

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Asking Price:
$140,000

Gross Revenue:
 Not Disclosed
Cash Flow:
$75,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Established 10 years ago by present owner successful salon has 5 styling stations and 2 hair washing stations. Efficient layout allows for addition of a 6th hair styling station. High demand for lucrative coloring work so a stylist/colorist owner can significantly increase business. Salon also caters to men and children.

About the Business

Year Established:
2008
Number of Employees:
1 (F/T); 3 (P/T
Real Estate:
Leased
Building Sq. Ft.:
425
Rent:
$6,700.00 Per Month
Facilities:
Warm, relaxing and lean but efficient space provides great flow. High ceiling, track and pendant lighting and wood floors add to the aesthetic appeal of the salon. Lease renews in July for ten years (5 plus option for addtional 5)
Market Outlook/
Competition:
Very nice upper east side neighborhood. No immediate competitors nearby.
Growth & Expansion:
Bring in more stylist who do color work.
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About the Sale

Reason For Selling:
Health
Training/Support:
Seller would stay on to help the new owner and to service customers, but due to health reasons needs to transition the responsibility of running the business.

Listing Info

ID:
1513144
Ad Detail Views:
406

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Business Listed by

Carlos Hernandez

Inbar Group Inc - Business Brokers

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Sponsoring Broker:

Jay M. Inbar,Certified Mergers &Acquisition Pro
Inbar Group Inc - Business Brokers

U.S. Census Data for New York County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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