Beauty Supplies & Real Estate

Somerset County, New Jersey

Business Summary: This is an ASSET SALE. If business inventory and real estate sold together the purchase price is $770,000 (Inventory included is $200,000). The seller will also sell the building alone for $599,000 (or best offer) and will liquidate the inventory. The building is suitable for any retail service or medical-related business. The $56,000 cash figures are before debt service, rent, and payroll. This is a retail business established over 30 years (the same owner). The inventory consists of all beauty related supplies including wigs. The business is best suited for someone with sales and marketing skills, which will be needed to grow the business. MOTIVATED SELLER, BEST OFFER TAKES IT!
Year Business was Established: 1990
Facilities / Terms of Lease: Free standing 2,580 sqft building on heavily travelled street. Off-street parking for 13 cars plus on street parking. Full basement. Lot size 125 x 125, .287 acres.
Owner willing to train: Seller will stay on for a transition to train
Reason for selling: Seller retiring