Hair Salon and Building for Sale

West Hartford, CT

Seller Financing Available

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Asking Price:$895,900
Gross Revenue:$315,000
FF&E:$50,000
Established Year:2007
Cash Flow:$125,000
Inventory:$10,000
Real Estate:$720,000
BUSINESS DESCRIPTION

Massive investment coming to area with opening of 300 Luxury apartments next door to this location with road and sidewalk enhancements in 2024 as well. This makes an ideal prospect for experienced cutter/owner to be successful as a complete turnkey opportunity awaits you. Gorgeous remodeled salon with all new modern, stylish, equipment/furniture. Located in affluent city in popular, high-traffic area with ample on and off-street parking. Salon is a mix of (6) renters and (3) employees with room to add more. Health reasons forces sale of ownership, but seller willing to stay on during transition and longer as a renter. Seller is building owner and is offering building for sale as well. Salon offers robust menu of hair, nail, including cutting/styling, and more (Separate and private nail room, two pedicure stations, eight cutting stations, fully computerized client database). This is an absolute gem for an operator who wants a high-end and classy facility to bring his/her clients and continue to build on an established brand. Building consists of one retail space and two apartments and 7 parking spaces. Apartment and retail space rental totals for the year are $81,600 beginning 1/1/25. Rentals are below market value. Serious inquiries only please, owner willing to offer seller financing at $150,000 down 5 year note at 8% with balloon payment at end of term.


DETAILED INFORMATION
Location
West Hartford, CT
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,500
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All furniture and fixtures and products and supplies included in price.
Financing
$150,000 down remaining balance 5 year at 8% with balloon payment at end of term
Support & Training
Owner would like to stay on as a renter for minium of 3 years and help with transition.
Reason for Selling
Recent surgeries/Relocating out of state in a couple of years
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Anthony Parafati
Anthony Parafati