Hair & Nail Salon, Profitable with Nice Location, Bergen County, NJ

Price: $125,000

Location: Bergen County, NJ

Industry: Beauty and Personal Care

Listing ID: 33462740-PV

Great Price! This is a well-established business with a nicely built, full-service hair care salon in top condition. It is a highly professional business operating at its current location for over 20 years. The business has been offering a wide array of hair care and hair replacement services to men, women and children for almost 60 years. It is truly a multi-generational family salon business with dedicated unisex areas for adults as well as a very popular children salon that kids love to visit. It is one of the most popular hair salons in Bergen County with strong and dedicated staff members to continue with a new owner. They also have a nail salon section and private waxing room.

They offer all types of traditional and progressive cuts and styles, color, highlights, perms, up-do's, special occasion hair styles, and cuts for men, women, and kids all under one roof, conveniently located with plenty of on-site parking. In addition, the business offers various hair care products, nail care services, and they custom make hair replacement.

The business has solid financials and consistent sales and income over time. It is run by the two owners, who will stay on as employees to run it if needed. It is very reasonably priced considering the longevity and solid assets. There is nothing needed, it is very reasonably priced, and a buyer can step in to run it as is or take over a station as a working owner.

Two working owners run the business day to day with several hairdressers and nail salon techs. They are looking to sell the business as a first step to eventual retirement several years down the road but would like to be able to stay on to continue working as employees if a buyer needs them. If not, they will provide a transition as needed over time. The company has a strong repeat and referral business.

Gross Revenue: $270,000

Cash Flow: $89,000

FFE: $35,000 (Included in price)

Inventory: $5,000

Terms & Conditions:

Cash offer preferred. Some seller finance may be possible for a qualified buyer with at least 65% down..

Reason for Sale:

semi-retire

Training & Support:

Seller will provide training and support as needed. Seller is willing to stay on to maintain a chair and assist is in transitioning the business smoothly over time and continue working as a stylist

Year Established: 1965

Year of Last Acquisition: family business established in 1960s and acquired by the son in early 2000s

Days & Hours of Operation: Monday to Saturday by appointment generally but some walk-ins accommodated when possible

Owner Hours Per Week: 35 to 40

Employees: 5

Managers: owner

Monthly Rent: $3,900

Type of Location: retail storefront on main road. Standalone building with one other tenant and plenty of dedicated parking.

Square Footage: approx 2200

Facilities Information:

very nice location, modern and in top condition. All equipment, chairs, counters are in great shape with a very nice lighting and aesthetic overall.

Historical Summary:

This is a multi-generational family business started by the father in the1960's and acquired by the son in the early 2000's after working there for many years. It is run by a husband and wife who are both stylists along with 4 other stylists.