Listing ID: 69948

Business Overview

Very BUSY Hair Salon/Nail Salon lots of foot traffic

100% all cash business

2 Owners. 1 works 4 days a week 1 works 5 days a week. Business is open 7 days a week. Basement has 4 rooms that are rented out, 3 hair stylist that work on 50/50 1 nail tech 50/50%- all of that covers rent.

Salon Service Revenue $637,315
Room Rentals $31,200
Chair Rentals $36,000
Total Revenue $704,515

Commissions (5 Stylists @ 50%)
Assuming the commission stylists generated the salon service revenue:

$637,315 × 50% = $318,658

Salaried Employee
$900 × 52 weeks = $46,800

Rent
$5,500 × 12 = $66,000

rent is $5500 1 year left 5 year option available. Equipment approx $30k worth of Equipment

Both owners take home $10k a month

Reason for selling is Owners moving to Long Island and commute is too far. 

Ideal Buyer Profile:

Hair stylist currently renting a chair

Nail tech renting a booth

Beauty professional working for someone else

Someone tired of commission splits

Entrepreneur looking for self-employment

Why They’re Perfect:

They can step in and work immediately

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $250,000
  • Cash Flow: $175,000
  • Gross Revenue: $704,515
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.