Salon Owner Sells Business for $1 to ‘Worthy’ Employee

Salon Owner Sells Business for $1 to ‘Worthy’ Employee
Stock photo of a salon chair. Skitterphoto/Pixabay
|Updated:

NEW HAVEN, Conn.—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 $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.”