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Morris County

  • Listing Number: 206-21353

  • Category: Beauty, Retail, Service - Personal B2C

Asking Price $175,000
Down Payment
Gross Revenue $175,000
Total Adjusted Net Income $75,000
Equipment / Fixtures $100,000
Year Established 1972
General Location Morris County
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You can OWN this 50 year old icon Landmark with a spectacular reputation as the BEST! You can now OWN this high end Hair salon with the 12 plus chairs that has dominated the area for 50 plus years. Remodeled in 2020 spending over $200,000 to enhance the already most professional, clean and welcoming environment in the area.

Gross Revenue $175,000 Listed Price $175,000
Total Income $75,000 Down Payment
Base Rent $4,500 Square Feet 3620
Total Rent $4,500 Lease Expiration 06/2026
Rent Deposit $4,500 Lease Options 2 / 5 years
Inventory $10,000 Leasehold Improvements $75,000
Equipment / Fixtures $100,000 Other Assets
Full-Time Employees 2 Training Period
Part-Time Employees 8 Special License Required
Contract Staff 1 Reason for Selling Retirement after 50 years of founding and owning this landmark

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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