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Business for Sale Summary

Fantastic Salon & Spa for Sale Suffolk County, NY - 32468

Business Type: misc. servicel/non-classifiable,nail salons,other personal services,seller financing available,spa / dayspa / skin care,tanning salon,hair salon/ barber shop
Fantastic Salon & Spa for Sale Suffolk County, NY
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This business has received 66 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $478,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View

Financing

$99,000 Down and Seller will entertain any reasonable offer!

Business Description

Fantastic Salon & Spa - Same Owner for 55 Years. Unheard of today. In fact, the newest employee has been here for 25 years. Many 5 Star reviews! This is a great shop in a great location along the South Shore of Suffolk County. They offer unisex hair styling and cutting, nails, waxing, spray tanning and much more. The space is 1,500 sq. ft. with 10 styling stations, plus 4 color chairs, 4 shampoo chairs, 2 manicure stations and a back room for wax, massage and spray tans. The landlord will offer a qualified tenant a 10 year lease (5 5) at a rent of $4,700/mth. There is a huge, free parking lot with over 200 parking spaces. The business is fully staffed and the owner would be willing to stay on as a part-timer to assist in a training and transition period. He has retired from cutting and only comes in periodically as a manager. He is willing to hold a note for a qualified buyer. In the past year the business grossed approx. $478,000 with a net cash flow of approx. $50,000.00. We are seeking a serious and financially qualified buyer with at least $99,000 in liquid funds to cover the down payment. This is ideal for a stylist who can bring along their own following. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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.

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.