MergerPlace

Stylish Unisex Salon in Upscale Boca

Florida (Broward)


  • Asking Price: $74,999
  • Gross Income: $130,251
  • Cash Flow: $42,789
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $30,000
  • Listing ID: #203760
  • Established: 1994
  • Employees: 5 FT/2 PT

Business Description

This salon has a very strong customer following as it has been in the same location for over 23 years. The new owner did a complete remodeling a few months ago and introduced new product lines. Unfortunately the owner has to relocate due to family needs but there lies the opportunity for a new buyer.Do you want to own a 23-year old salon which is completely remodeled and is filled to maximum capacity with experienced stylists? An owner-operator can do wonders with this place. Some targeted advertising and social media campaigns can go a long way and the steady stream of clients from the upscale surrounding areas can justify a price increase or expensive treatments.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Florida
County: Broward

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT/2 PT

Financial Information

Asking Price: $74,999
Gross Revenue: $130,251
Cash Flow: $42,789
FF&E: $30,000
Inventory: $2,000
Seller Financing Available: Yes

Property Information

Facilities:

The salon is next door to a successful restaurant in a very busy and upscale plaza. Thousands of cars go in and out of this plaza on a daily basis. Parking is plentiful and the plaza and its grounds are manicured. Quite fitting for an upscale salon like this. There is a long lease in place with rates below market. One would be hard-pressed to find lease rates like this anywhere around here. That is a recipe for success as it reduces the overhead expenses. Additionally, an owner operator would make this salon very profitable as it is run absentee for the moment.

Growth & expansion opportunities:

Great potential to grow - as only seven of the ten chairs are currently occupied. The new facials room can be utilized to its full potential and more products can be sold in the store. The new owner may consider printing flyers and distributing them throughout the plaza or across the nearby residential communities to see the business increase.

Competition:

There are no competing salons in the immediate vicinity, which makes this one a unique investment opportunity. The salon industry is steady and it has been so for a long time. 23 years in the same location is testament that this salon has staying power and a steady stream of customers.

Reason for selling:

This recently remodeled unisex salon is located in the Deerfield Beach/Boca Raton area of Florida in an upscale strip plaza situated on a major east-west road near I95. Next door to a well known restaurant and across the street from a community of thousands of inhabitants, this is a busy salon and a money maker. The services offered are make-up, hair styling for women, men and children, manicure, pedicure and facials. Additional services offered are birthday parties, proms, weddings and additional services as requested. The salon has 10 hair stylist chairs, 2 manicure/pedicure stations, one facial room, 3 wash stations and 3 dryers. Everything in the salon is brand new. Owner is relocating. This business may qualify for a Visa.

Support & Training:

Will train for 3 weeks @ no cost The services offered are hair styling packages for women, men and children, manicures and pedicures, facials, birthday and wedding packages, proms and special events. Products offered are Matrix and Paul Mitchell full lines. No special skills or licenses required to operate this salon.

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Business Listed By:

Anton Joro

Murphy Business Brokers