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Beauty Parlor in Shopping Area

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$69,000 $80,000 $49,707

Furniture and Fixtures Value:
$35,000 (included in the asking price)

Inventory Value:
$5,000 ( not included in the asking price)

Business Summary:
1,000 sq. ft. beauty parlor situated right in the middle of town’s shopping area on main avenue. With plenty of parking; Buyer who knows trade can enter into own shop at fairly low entry price. $49,000 – includes fixtures and equipment all new and top notch valued at $35,000. Very inexpensive shop to operate (over all cost less than $530 – weekly) Owner has regular clientele from area commercial tenants. By hiring more girls at 50/50 any owner would pickup business and go to next level. (6 chain shops) over is passionate about opening up shop in NYC and is giving away this business to accomplish this end. Owner has private parking spot assigned in rear. Extremely hard in this business to find how entry point in a profitable operation. For further information, please contact 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 2006
   
Number of Employees: 2  
   
Facilities / Terms of Lease: 1,000 sq. ft. 6 station shop, street parking. Very clean and neat – appears brand new all custom cabinetry. Landlord who seems to be sympathetic to tenants would give a new lease with (2) 5 year options. Excellent lease  
   
Potential Growth/Expansion: Advertising - getting more girls to work place - better sign outside  
   
Competition: Many shops in area - all do good business - this is the cleanest and the brightest  
   
Owner willing to finance: Owner would accept financing of $20,000 time of payment negotiable  
   
Owner willing to train: Two weeks  
   
Reason for selling: Owner wishes to open in NYC  
 

 

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