Successful Hair Salon at Prime NY Location NY, NY 31927

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Great potential!
Asking Price:
$180,000

Gross Revenue:
$540,000
Cash Flow:
$180,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Price Just Reduced! Asking Only 1X Verifiable Cash Flow!! Just wait until you see this busy and elegant hair salon on a major avenue near Midtown Manhattan. Three years ago, it was converted from a coffee shop into a hair salon at no small expense and it shows. The salon sales average $45K per month. 60% of those sales are on credit card; 40% in cash. Everything is on the Shedul software system installed in 2018. Not only is the owner willing to provide you with all the transitional support & training you'll need to manage this business, but he would also like to stay on three days a week as a stylist and will rent a chair from you on mutually agreeable terms. Asking Only 1X Verifiable Cash Flow of $180K, annually, this is among the top values you will find through Vested Business Brokers, especially given the money poured into the build out of this salon, along with all its furniture, fixtures, and equipment. Please do not say anything to the employees or customers when visiting the location, as they don't know it's for sale. Kindly then contact the listing broker, Jay Goldman, to make an appointment to meet with the seller and get a full tour of the facilities. Please call for further information.

About the Business

Location:
New York County, New York
Year Established:
2016
Number of Employees:
6
Website:
www.vestedbb.com/lid-31927
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About the Sale

Reason For Selling:
Owner needs the proceeds from this sale to purchase a home for his young family
Training/Support:
Yes

Listing Info

ID:
1621775
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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Report an Issue 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 & Conditions.