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Listed by:

Transworld Business Advisors of Flushing

Luxury Hair Salon In Midtown East For Sale

Midtown East, New York
Asking Price:
$499,000 (USD)
Sales Revenue:
$549,946 (USD)
Cash Flow:
$171,000 (USD)

This famous luxury hair salon is owned and operated by a celebrity stylist. It’s located right next to a subway train station in the busy Midtown East neighborhood. Salon has 1,000 square feet with 8 cutting stations, 3 shampoo stations, a kitchen and a bathroom. The artistic interior created an architecturally beautiful and classic space, filled with luxurious surfaces. It offers haircuts, coloring, styling, conditioning, treatments, and extension service. The owner and the salon were featured by many leading magazines and other media, it also has built a great social media presence. Clients come from all over the NYC area, the U.S. and abroad. The staff of 10 includes eight stylists.

The owner has his own product line which needs him to spend more and more time on, therefore he is looking for a new owner to take over the salon either without him working there, or with him working there for a flexible schedule. Investors are welcome. Great investment with reliable profit.

Property information

Premises Details:

10 years

Business Operation

Expansion Potential:

The owner has less time managing the salon in recent years, but the revenue was still very stable for over $500,000/year. If the new owner does proper management and marketing for the salon, there is a great potential for the business to grow.

Competition / Market:

very limited competition nearby.

Reasons for selling:

other interests

Employees:
10
Years established:
2009

Other Information

Support & training:

2 weeks

Contact Information

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