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Business Sales & Acquisitions

Hair Salon – NYC

Price: $80,000

Location: New York, New York

Industry: Service Businesses

Listing ID: 00066

This salon has been established for 25 years and has a loyal clientele base. In total, the property is 1,200 sq. ft.; the salon occupies 400 sq. ft. while the owner sublets the remainder of the 800 sq. ft. for a total monthly rent of $3,800. The salon has great potential for expansion – all that’s needed is a buyer with the right entrepreneurial spirit.

Listing Details

Gross Revenue: $150,000

Cash Flow: $60,000

FFE: $1,000

Reason For Sale:

Seller is retiring.

Training & Support:

Will provide as necessary.

Operation

Year Established: 1990

Days & Hours of Operation: 7 days, 10am-7pm

Non-Owner Payroll: $4,500

Employees: 4 Full Time

Location

Monthly Rent: $ 800

Square Footage: 400

Facilities Information:

The entire property is 1,200 sq. ft. - the salon takes up 400 square feet and has 4 chairs, 2 washers, and 6 dryers. Owner split up the rest of the space into a 400 sq. ft. candy store (right next door to the salon) and a 400 sq. ft. office space (in the basement) which provides rental income. Monthly rent for the candy store is $2,000 and $1,800 for the basement office space for a total monthly revenue of $3,800.

Summary

Potential Growth:

There is an ample amount of square footage to expand the salon. The business would also benefit from online marketing (such as creating a website and social media pages).