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PRICE DROP-Busy Times Square Salon and Spa LOW Rent

Price: $90,000

Location: Manhattan, New York

Industry: Service Businesses

Listing ID: 00701

PRICE DROP TO ONLY 1X’s NET – Busy salon with unusually low rent next to Times Square, Bryant Park and numerous hotels catering to the work crowd and tourists. Occupies 2,000 SF on the second floor with large windows and signange. Salon has 8 chairs, 3 spa rooms, 2 basins, 2 mani/pedi stations, shower, and kitchen. Rated 5 stars on Yelp and Google. SELLER MUST SELL NOW, YOUR GAIN.

Listing Details

Gross Revenue: $265,000

Cash Flow: $75,000

FFE: $50,000 (Included in Price)

Inventory: $12,000 (Included in Price)

Reason For Sale:

Other interests

Training & Support:

Will provide

Operation

Year of Last Acquisition: 2015

Days & Hours of Operation: Tue - Sat

Non-Owner Payroll: $37,922

Employees: 4

Location

Monthly Rent: $ 6,000

Type of Location: Commercial

Square Footage: 2000

Facilities Information:

Below market rent 2000SF on visible second floor