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Business for Sale Summary

Successful Hair Salon at Prime Manhattan Location - 31927

Business Type: health/beauty/nutrition supply,best deals!,new to market,hair salon/ barber shop
Successful Hair Salon at Prime Manhattan Location
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Financial Information (non-confidential)

General Information
Asking Price $270,000 Down Payment $270,000
Gross Revenues $540,000 Lease Remaining Register Free to View
Owner’s Cash Flow $180,000 Number of FT Employees Register Free to View

Financing

$270,000 Down and Please make your best all-down offer!!!

Business Description

Just wait until you see this busy and elegant hair salon on a major avenue near Midtown Manhattan. 80% of its business is walk-in. Three years ago, it was converted from a coffee shop into a hair salon at no small expense and it shows. The salon sales average $45K per month. 60% of those sales are on credit card; 40% in cash. Everything is on the Shedul software system installed in 2018. Not only is the owner willing to provide you with all he transitional support & training you will need to manage this business, but would also like to stay on three days a week as a stylist and will rent a chair from you on mutually agreeable terms. Asking only 1.5 times his verifiable cash flow of $180K, annually, this is among the best values you will find in this space, especially given the money poured into the build out and accompanying furniture, fixtures, and equipment. Please do not say anything to the employees or customers when visiting the location, as they don't know it's for sale. Kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller and get a full tour of the facilities. Please call 1-917-912-3282 for further information.

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.