MUST SIGN A NON DISCLOSURE AGREEMENT: Here is a great business or investment opportunity in Central New Jersey! This 42 year old established hair salon is ready for a new business owner, whether you are a hair stylist or just want to invest in hair stylists cutting hair. Yes, you don't have to be licensed to cut hair in order to own a hair salon.
This well cared for 2800 square foot salon is located in a well lit shared parking lot on a busy County Road with over 30,000 cars passing by each day. The business grosses $500,000 per year with clients paying the 3% credit card fee but many pay cash. Most have appointments but they do accept walk-ins as well.
The business utilizes the Meevo Salon Program to track and set appointments, billing, inventory, etc. Meevo also offers a REACH program to follow up with clients who haven't booked in a while. There are 4 full time stylists, 2 shampooers and 1 receptionist and there is room for more. The loyal clientele take advantage of cash payment incentives and referral opportunities. You could also create salon studios to rent out if you prefer. Current stylists pay for their own supplies.
The seller is willing to finance a purchase for 2 years and is also willing to stay on and train for a smooth transition. The seller will not compete with you and is heading south for retirement.