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Business for Sale Summary

Salon & Hair Replacement Therapy - 35980

Business Type: health/beauty/nutrition supply,healthcare related services,medical/surgical/hospital equipment & supplies,misc. retail/non-classifiable,misc. service/non-classifiable,other personal services,professional services,seller financing available,hair salon/ barber shop
Owner Financing
Salon & Hair Replacement Therapy
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This business has received 6 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $215,000 Down Payment $135,000
Gross Revenues $253,842 Lease Remaining Register Free to View
Owner’s Cash Flow $104,933 Number of FT Employees Register Free to View

Financing

$135,000 Down and $80K over 3 yrs. @ 7%.

Business Description

A unique opportunity to own a Hair Salon specializing in non surgical hair replacement services for men and women as well as medical prosthetics , higher end fashion wigs and hair extensions. This salon also serves men and women in all phases of hair cutting, coloring and keratin treatments. The owner is seeking to sell after 40 years in the industry. The business is fully equipped with all stock, inventory (over $100K) and equipment included in the asking price. It is has four private studios, its own waiting room/ lobby as well as a smaller waiting area inside the salon. There is an elevator and stairwell to accommodate guests. There is plenty of parking with a front and back entrance to the building. It is run by a salon software program keeping everything at ones fingertips. It is conveniently located in the heart of the high traffic area. The business is owned and operated by a fully trained and certified operator in this field. She is willing to stay on for a lengthy training and transition period to help any new owner. In fact, she would even work on part-time basis after sale. Other staff members are willing to stay on as well. In the past year, the business generated an owner’s cash flow of approx. $104,933.00. The salon has a loyal and dedicated client base with repeat business. It has four types of clients, monthly serviced hair replacement, wig clients, cut and color and hair extension clients with the capability of expanding services as well as revenue. Hair Replacement is a rapidly growing business with tremendous potential for someone who can take it to the next level with strategic marketing and additional service development. We are seeking a serious and financially qualified buyer with at least $135K in liquid funds to cover the down payment. Proof of funds will be requested before any meetings with the owner can be made. All site visits must be discreet. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.