Chain Of Salons Huge Growth Potential
Location New Jersey,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $3503994
Net Profit / Cash Flow $929739
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1971
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description HUGE OPPORTUNITY TO BUY 7 HIGH END SUCCESSFUL HAIR SALONS WITH STELLAR REPUTATION'S. This is the perfect business for either an individual or an investment group looking for a great investment. Management will stay on. 1 of the best returns on your investment in the market. Structure is in place if an investor wants to crate a franchise out of the core business and bring this company up to the next level or just keep expanding. One time opportunity to own a chain of 7 successful salons in different locations throughout NJ. This chain has a long established reputation over 30 years and incredible name recognition. It is the envy of their competition. Each store has a loyal customer base with plenty of room to increase business with dedicated staff. Owner will stay on to help with transition or for extended period. The chain is for sale along with the full customer list, reputation, all equipment, most of all, its net cash flow. Asking 5 million with only 2 million down at closing with the rest to be paid off over 10 years. Call Craig Renard 646-418-0474 to set up an appointment. It is very simple to create a great franchise out of this business!
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