Hair Salon For Sale

Business description

This 1,000 s.f. Hair Salon has 4 stations, 2 sinks, 3 dryers, upright tanning booth +++. It is a full service salon doing men's, kids, women's haircutting with color services, perms, wash & blow, chemical relaxing, eye, lip ,chin waxing and specials for bride & wedding parties.
Owner started business in 1997. With 11 years, and a friendly, honest, hardworking staff this salon has developed a loyal customer base. Owner wants to move so wants to sell. Will work for new Owner and help transition customers.
Ideal location for new and experienced cutters wanting to go into business for themselves. Why pay someone else when you "could keep it all". Someone already in the business can take advantage of this businesses revenue stream and do their business here with the business paying all or most of the overhead - work in your place for next to nothing!
Hours of operation are Mon 9 to 5, Tu, Wed, Thur 9 to 8, Frid 9 to 5 and Sat 8 to 1. There are 4 stations. Including the Owner there are 4 cutters, 2 helpers and 1 receptionist. The salon's equipment is well kept and up to date. Lots of mirrors, laminate flooring and a bonus 48 bulb upright tanning booth and dressing room.
Sales revenue is estimated over +/- $279,000. Labor is +/- $135,000. Owner's Cash Flow at this volume is estimated over $73,000. Depending on how much of the current Owner's business the new Owner will do vs. what the existing cutters might do, the cost of this work could be as much as $47,000 or as little as $0. This means the new Owner might possibly be able to make +/- $25,000 to as much as +/- $73,000 plus his/her owns production. You do the math - this is a great opportunity - so jump on it - ASAP - before someone else does!
The Salon is located on the second floor with the entrance in the rear of a small strip mall on Route 202 in New Milford. There is plenty of parking (over 24 spaces) and is easy to get to from anywhere in New Milford and the surrounding towns. The store +/- 1,000 s.f. It has the work area, bathroom, reception area, tanning booth area, mixing area, washer, dryer, refer etc. Current rent is $1,000 per month plus sewer. Rent includes garbage, snow removal and outside lighting. New lease would have to be negotiated with landlord. Expect a slight monthly increase - but who knows?
Equipment includes: 4 styling chairs, maple cabinet stations, wall mounted stations, mirrors, styling mats, dryers, carts, blow dryers, tanning booth, refer, washer, credit card machine computer, copy, fax, scanner, shelves +++
Owner will work for Buyer on a commission basis or transition clients to Buyer and existing staff.
Owner will finance a qualified Buyer with 50% down over 1 – 2 years at 10% interest.

Other information

Support & training:

Owner will work for Buyer on a commission basis or transition clients to Buyer and existing staff.

Reasons for selling:

Moving out of area

Financing available:

Owner will finance a qualified Buyer with 50% down over 1 – 2 years at 10% interest.

Inventory / Stock value:

$3,000