Breathtaking High Performing Hair Salon in Chelsea

Manhattan County, NY

Seller Financing Available

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Asking Price:$800,000
Gross Revenue:$1,100,000
Rent:$21,000
Cash Flow:$256,000
Inventory:$15,000
FF&E:$150,000
BUSINESS DESCRIPTION

Act Fast - Hair Salon in Chelsea!

Beautifully designed 16 year old two floor hair salon with 16 chairs and ceilings with chandeliers... 500k spent on buildout...Average client ticket is $150-200, around 90% of gross income coming from credit card transactions. Business is highly profitable and both owners of business do not even cut hair...only managing and performing book keeping/accounts receivables. BIG POTENTIAL to increase seller discretionary earnings, if new buyer is a hair stylist and brings in their clientele and if new owner is able to find more hair stylists to fill up all 16 chairs. The sky is the limit. Reach out today for more details!


DETAILED INFORMATION
Location
Manhattan County, NY
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
01/03/2031
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
No other really nice salons for higher end clientele in a 5 block radius
Growth & Expansion
-Big potential to increase seller discretionary earnings if new buyer is a hair stylist and brings in their clientele. - Fills all of the 16 chairs that are available for use.
Financing
Owner Terms: $200,000.00 Interest: 10% Term Months:24 Monthly Payment: $9
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Other Business Interests
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Sam
Curcio
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Sam Curcio