This Profitable and Large (Ground Floor 2000 sq. ft. With Rent Of Only $7,000/month) Hair & Nail Salon is Located In The Heart Of Manhattan. The sellers have unrelated international distribution businesses they have launched and want to focus their attentions there now. Valued At Only 1.65 times Owners' Discretionary Cash Flow of $240,000 (Everything Is Verifiable), this business is a bargain at $399,000 ($299,000 down and $100,000 in Seller Financing). Its skilled professionals, All Independent Contractors and Willing To Stay On, are highly trained in the newest trends, innovative hair coloring techniques and great styling designs to fit their clienteles' busy lifestyles. The current owners, who have been there for 5 years, willing to offer you support & training, and are each now present just 2 days/week, host a crew of mostly European stylists offering the latest cuts starting at $55, plus color services. While already successful, A New Full-Time Hands-On Owner Could Make This Place Even More Profitable. Monthly promotions bring in Midtown Workers and Tourists looking for a deal, and with 12 Styling Chairs there's plenty of room for walk-ins. Behind the main cutting floor is a Full-Service Nail Salon that generates meaningful business from its workweek mani-pedi specials. The salon also keeps up with The Latest In Products, including brushes, flat irons, and blow dryers, along with shampoos and styling aids by Aveda, Paul Mitchell, Keratase, Tigi and other up-and-coming hard-to-find lines. In addition to its core retail focus, the business derives another $135,000 in revenue from wholesale (you will be able to build on this) and $12,000 from subletting some of its basement space.
Reason for Selling
This is not a franchise resale opportunity.
This is not a homebased business opportunity.
The owner is willing to train/assist the new owner.
The property is leased.