Prestigious Midtown Salon: Couture- Possible Partnership

New York, NY
listing image
Asking Price:$1,250,000
Gross Revenue:$2,326,132
Rent:$20,300/Month
Cash Flow:$390,616
Inventory:$15,000
Established Year:1992
BUSINESS DESCRIPTION

This prestigious midtown salon owned and operated by a celebrity stylist seeks a buyer or partner/investor. A stunningly built-out salon in the heart of Manhattan, it caters to the city’s most particular and loyal patrons. From the services offered to the space design to the impeccable customer service, everything about this business says “Custom Quality.” Not only does the salon perform stylish cuts and color, it specializes in meeting the needs of those with fine or thinning hair, and offers custom-designed hair pieces, wigs and extensions. The salon’s own hair additions are made from the finest-quality human hair and are expertly cut, colored, styled, hand-finished and personally adjusted. The salon offers hundreds of types of hair extensions, additions, wigs and hairpieces, and has its own product line.
Clients come from all over the NYC area, the U.S. and abroad for services that start with a personal consultation to determine each client’s specific needs, such as thicker hair, longer hair, more hair, customized color or other image enhancements. All consultations and services take place in large, private rooms to allow the ultimate in comfort and discretion, or on the lively salon floor. The staff of 25 includes eight stylists.


DETAILED INFORMATION
Location
New York, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
30/09/2024
Employees
24
Facilities
Hours: Tuesday-Friday 9am-5pm, Saturday 8am-5pm. Closed Sunday & Monday. The Salon has a Beautiful new location featuring four VIP styling rooms, two VIP shampoo rooms, one consultation room, four shampoo stations, an open area with ten chairs, two restrooms, a backroom work area and basement storage. Lease: 2,500 sq. ft. on the second floor, plus basement storage and office (on separate floor). Below-market rent at $16,480/month, plus property taxes. Eight years remain on the 10-year lease, which expires September 30, 2024.
Support & Training
4 weeks
Reason for Selling
Considering alternatives. Will consider a partnership.
Report an Issue with this listing
profile-img
Bob
Dunphy
logo-img
Bob Dunphy