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Modern Full Service Hair Salon for sale in Ocean County, NJ

Ocean County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 125,000 $ 232,235 $ 107,000

Furniture and Fixtures Value:
$ 98,000 (included in the asking price)

Business Summary:
Modern 33-year-old, highly successful hair salon consisting of an attractive single unit commercial condominium. This salon facility has a gross yearly income of $232,000 and a net income to the owner operator of $107,000. The business has been recently upgraded with an attractive image. The business also services a huge 55 plus adult community. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. This wonderful hair salon has five full / part time employees who are unaware of the pending sale. The payroll is primarily based on a set payment and commission, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,800. The business transaction will include a new commercial lease which expires 2029, plus additional options available, with a monthly rent of $1,500, and rent security of approximately $3,000. The business has been valued / priced at $125,000 based on a multiple of the net yearly income and includes the value of the specific business assets OR the first reasonable offer. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 

   
Year Business was Established: 1986
   
Number of Employees: 5  
   
Facilities / Terms of Lease: This successful retail facility which consist of multiple floors, approximately 1,623 square feet has a modern and attractive professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in central New Jersey, Ocean County, which consists of various highly populated communities with continued demand for this industry.  
   
Potential Growth/Expansion: The business can be further expanded by the new operator, the salon presently does not have a marketing plan, no local advertising, no web site and if improved can further develop the business yearly gross sales.  
   
Competition: To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.  
   
Owner willing to finance: May be available with an appropriate down payment.  
   
Owner willing to train: The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: Owner is retiring and relocating out of the state.  
   
Seller Reference Number: SLN193
BusinessMart.com Listing Number: 246958
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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