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Business for Sale Summary

Salon in Suffolk County, NY - 30090

Business Type: nail salons,other personal services,spa / dayspa,best deals!,must sell/drastic price reduction!,new to market,seller financing available,beauty salon/ barber shop
Owner Financing
 Salon in Suffolk County, NY
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This business has received 68 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $120,000 Down Payment $75,000
Gross Revenues $380,625 Lease Remaining Register Free to View
Owner’s Cash Flow $64,209 Number of FT Employees Register Free to View

Financing

$75,000 Down and $45K over 3 yrs. @ 6%.

Business Description

Full-service salon for sale. Prime location with great parking. *PRICE REDUCED* This is a highly-regarded salon on a main street, in an affluent North Shore town. They have been established for over 20 years. The current owners are not stylists, and a buyer does not need previous experience. This location is fully staffed with upside. They have a spacious 2,200 sq. ft. space (with basement), 14 hair stations and 5 sinks. They currently have 5 stylists, with room to add at least another nine. There is a receptionist and assistant, as well. The current owners only come in 10-12 hrs/week to keep supplies stocked, pay bills, etc. They bought this store with the intention to build it up, sell it, and move onto their next project. Sales have been on an upward trend since they took over. Recent annual sales were $380,625.00, with a net cash flow of approx. $64,209.00 (for very part-time owners). This location is ideal for an owner/stylist, family or partners. They typical issue with a salon sale is maintaining the clientele if an owner is the stylist. That problem does not exist here. There is also upside in the addition of extensions, nails, make-up, esthetician, etc. We are seeking a serious and financially qualified buyer with at least $85K in liquid funds to cover the downpayment and inventory. To learn more, please call Mel Vaz today at 877-735-5224. All site visits must be discreet- do not mention the sale when visiting the location.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.