US Salon Owner Sells Business to Employee for 1 Dollar
3 years, 5 months ago

US Salon Owner Sells Business to Employee for 1 Dollar

News 18  

Salon owner Pio Imperati took a chance and hired hairstylist Kathy Moura right out of technical high school 15 years ago. “She’s a good hairdresser, a good barber, she’s very nice,” Imperati told the New Haven Register about the sale of Pio of Italy Hair Studio. “I sold it to her for $1 so we would remain friends.” While Moura will pay rent to Imperati, she avoids a charge that can run into the tens of thousands of dollars to purchase a salon for the equipment, supplies and clientele. Moura, 32, recalled that when she finished school, “no one would hire me because I didn’t have any experience.” She called a teacher for help and was given Imperati’s phone number.

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