Hair Salon for Sale- Great Reputation, 30 Years in Business!
Asking Price: | $299,000 |
Gross Revenue: | $778,581 |
Established Year: | 1995 |
Cash Flow: | $182,205 |
Rent: | $4,585/Month |
This hair salon has been proudly serving Bergen County for 30 years. Built upon high-quality service and treating staff and customers well, this hair salon has thrived and is poised to continue performing strongly for the next owner.
There is a loyal staff and customer base, due to the fantastic service and highly desirable location of the salon.
Revenues are comprised approximately 51% from haircutting/styling and 49% from hair coloring. The POS system utilized makes running the operation seamless.
All employees are on the payroll, in which they receive a base salary plus commission and gratuities.
The standard level of working capital required is $20-30K.
The current owner operates the business as both a hair stylist and a General Manager. 50 hours a week is spent behind the chair, in addition to handling managerial tasks such as hiring, firing and ordering of products. The seller currently generates ~45% of revenue.
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