Loop Lifestyle
Salon owner Pio Imperati took a chance and hired hairstylist Kathy Moura right out of technical high school 15 years ago.
It has worked out so well that Imperati sold her his venerable New Haven, Connecticut, business for US$1.
‘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.
Salon Owner Sells Business for $1 to Worthy Employee
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79-year-old from Connecticut sells his salon for USD 1 to worthy employee
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Salon owner sells business for $1 to worthy employee so they could remain friends
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