HS Listing ID-69948
Very BUSY Hair Salon/Nail Salon lots of foot traffic
100% all cash business
2 Owners. 1 works 4 days a week 1 works 5 days a week. Business is open 7 days a week. Basement has 4 rooms that are rented out, 3 hair stylist that work on 50/50 1 nail tech 50/50%- all of that covers rent.
Salon Service Revenue $637,315
Room Rentals $31,200
Chair Rentals $36,000
Total Revenue $704,515
Commissions (5 Stylists @ 50%)
Assuming the commission stylists generated the salon service revenue:
$637,315 × 50% = $318,658
Salaried Employee
$900 × 52 weeks = $46,800
Rent
$5,500 × 12 = $66,000
rent is $5500 1 year left 5 year option available. Equipment approx $30k worth of Equipment
Both owners take home $10k a month
Reason for selling is Owners moving to Long Island and commute is too far.
Ideal Buyer Profile:
Hair stylist currently renting a chair
Nail tech renting a booth
Beauty professional working for someone else
Someone tired of commission splits
Entrepreneur looking for self-employment
Why They’re Perfect:
They can step in and work immediately
A signed confidentiality agreement is required for the exact location
a signed confidentiality agreement is required for the exact location
