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Listed by:

Regal Consulting Corp.

Full-service Unisex Hair Salon In New Jersey For Sale

Edison, New Jersey, US
Asking Price:
$89,900 Furniture / Fixtures included
Sales Revenue:
$372,000
Cash Flow:
$78,000

A full-service unisex Barber Shop & salon located in a wonderful area of Northern New Jersey and in Middlesex County. Prior to the pandemic the company had a gross income of $372,151 and a net yearly income of $78,000.

This barber business offers all the required personal services to their customers. They are a full-service Barber shop / salon, representing 50% of male customers and 50% women.

With their incredibly talented staff they have been providing clients with the best quality professional service for many years. They have a wonderful reputation for high-end quality service that provides dependable beauty and wellness.

The company has a personal commitment to providing their clients with the absolute best, from product to service, it is their love and passion for hair and beauty that sets them apart.

Along with the necessary skills to give their clients exactly what they are seeking, their team always listen, are energetic, and ready to offer advice and suggestions when asked. Our hair is a form of expression and style, and like a piece of art, our hair is a canvas.

We are inspired by the poetic beauty of hair and the dynamic fashion industry that surrounds us. Their goal is to provide their customers with great service and a wonderful experience by adding new organic and natural product that are not only good for your skin, but also good for the environment.

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.

Property Information

Real Estate:

Lease

Lease Terms:

Lease and terms, the business transaction will offer a new commercial lease which will expire 2030-01-01, plus additional options available, with a monthly rent of $3,850 all in, cost per square foot is estimated at $43.00 and rent security of approximately $5,730.

Leasehold Rent:

$47,400 per annum

Lease Rent:
$27 per sq ft per annum
Location:

Northern New Jersey

Premises Details:

This long-standing hair salon consists of approximately 1,450 square feet with a modern and professional appearance. The business is located at a highly active commercial mall with numerous daily shoppers and many other active retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of a highly populated urban city with continued demand for this industry.

Size in square feet:
1,750

Business Operation

Expansion Potential:

Regarding growth and expansion, the business opportunity can be further expanded by the new operator by improving the marketing plan and the local advertising. Additionally, the company has no web site and if adjusted can further develop the business yearly gross sales.

Competition / Market:

Regarding 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.

Reasons for selling:

The purpose of this business transaction is due to the owner’s retirement after many years in the salon industry.

Trading hours:

Days Hours of operation, this popular barber shop is active six & ½ days per week, with hours from 9:00 am to 7:00 pm, and some evening hours.

Employees:
Regarding employees and payroll, this Barber shop consist of Nine barbers / hair styles who are unaware of the pending sale. The payroll is primarily based on a 60/40% split percentage for each transaction, 60% to the operator. The staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $15,025.
Years established:
1996

Other Information

Support & training:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Also, owner financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Furniture / Fixtures value:
$65,000 - included in the asking price
Inventory / Stock value:
$1,500