Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840
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BUSINESS PROFILE |
Premier Salon Enterprise |
Location: Central, New Jersey
Years Established: 24 Years
Under Present Owner: 4 years
Gross Sales 2014: $507,000
Cash Flow 2014 $63,000
Inventory: $20,000
FF&E: $120,000
Number of Employees: 3 full time, 2 part time
Asking Price: $70,000 for a quick sale
Reason for Selling: Other business interests
Lease Expiration: 5 year lease with a 5 year option
SUMMARY DESCRIPTION:
Seller motivated-price reduced for a quick sale. This is a salon enterprise with an extensive client database. It is located in the heart of a large shopping district and is 1,900 plus square feet in space. It staffs an educated and professional team with the objective of providing clients with outstanding customer service and the best in quality products.
The salon is premier and full service with two streams of income. It has recently undergone over $40,000 in upgraded renovations, featuring an open layout with a color bar and dispensary as the center attraction. The salon is nestled between two busy restaurants next to an anchor grocery store. Included is a tenant friendly negotiated lease which promises a profitable business venture within the first year of operation.
What sets this business apart from others in this industry is that it is an all access one stop beauty experience. Catering to the whole body, this salon enhances beauty with talented hair, skin, and nail specialists. The end result is an upscale sophisticated beauty experience.
A savvy buyer, preferably an owner/operator, will build upon this strong foundation by formulating a business plan to increase staff, develop new talent and attract established operators who are team players with a desire to work in the most attractive salon in town.
This business will be taken to the next level by implementation of a marketing plan which will optimize cross-promotion within the plaza, and development of a positive social media presence.
Listing # 675