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Beauty Salon - Woodlawn
Location: United States -> New York -> New York City Area -> Bronx
Industry: Hair and Beauty > Beauty Salons and Barber Shops

Business Summary

ASKING PRICE: $220,000

Very charming beauty salon located in the historically Irish Bronx neighborhood of Woodlawn. The salon is located on a major avenue and is surrounded by various retail businesses which provide a steady flow of foot traffic to the business. The business is very profitable and has 7 chairs (one for each hairdresser).

Potential Growth:
Although the salon receives a steady flow of foot traffic because of its great location and the hairdressers have a loyal, regular clients, the salon could attract more clients by establishing an online presence. A new owner who implements a website and social media pages can grow the client base exponentially.

Gross Revenue: $ 400,000
Cash Flow: $ 138,000
Inventory: $ 5,000 (Included in Price)
Reason for Sale: Seller is moving out of state.
Training & Support: Will provide as necessary.

Year Established: 1985
Last Acquired: 2011
Days & Hours of Operation: Tuesday - Saturday
Non-owner Payroll: $ 14,260
Employees: 3 Full Time, 4 Part Time
Absentee Owner: No

Lease Security: $ 5,140
Monthly Rent: $ 2,050
Square Footage: 810


Asking Price Range:  $250K - $500K
Gross Revenues:   $400,000
Cash Flow:   $138,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $5,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1985
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will provide as necessary.
Reason For Selling:  Seller is moving out of state.


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Beauty Salon - Woodlawn Photo 1

Print Listing Id: 700236671
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

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