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Busy Upscale Midtown Hair Salon For Sale

Detail information about the listing

FF&E:  60,000

Inventory: N A

Growth: Pros for the salon is its purely been growing due to its extensive foot traffic in heavy foot traffic area plus most of the other growth  has been word of mouth.

 

Further Details: Location:    New York, NY

 

Inventory:    Included in asking price

 

Real Estate:    Leased

 

Building SF:    1,100

 

Lease Expiration:    3 6 2030

 

Employees:    10

 

Furniture, Fixtures, & Equipment (FF&E):    Included in asking price

 

Facilities:    The facilities included in the sale.

1-Book of business

2-Attractive lease(below market value)

3-Newly remodeled salon 

4-Highend stations included in the sale

 

Competition:    Moderate competition.

 

Growth & Expansion:    Pros for the salon is its purely been growing due to its extensive foot traffic in heavy foot traffic area plus most of the other growth  has been word of mouth.

 

Financing:    Plus 5 year option to renew

 

Support & Training:    Support and training will be provided for up to 60 days, plus will stay on part time if needed for additional assistant.

 

Reason for Selling:    Owner is retiring

 

 

Additional Details

  • State:NY
  • Asking Price:$295,000
  • Cash Flow:$180,000
  • Established:1995
  • Business Description:Midtown salon for sale :LOW RENT: LONG TERM LEASE WITH EXTENTION: Open for the Past 25 years this is an establishment that offers a variety of options for every individual. Located in the heart of NYC at its busiest core, the foot traffic is unmatched. Jean Leon is currently holding an extremely undervalued rental prices in all of Midtown. With just over 1000 workable sqft, rent is only $8200 per month. 8 years remaining on the lease with and option to extend for another 5 year thereafter. Services offered but not limited to -Hair Cuts for men and women -Blow Drying -Highlights -Hair straightening -Coloring -Hair Styling - Treatments and much more. This Business comes with 10 employees -7 Pt and 3 FT -All employees are willing to stay -Business is growing year after year -Owner is retiring
  • Support & Training:Support and training will be provided for up to 60 days, plus will stay on part time if needed for additional assistant.
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  • Reason For Leaving:Owner is retiring
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