MergerPlace

Upscale and well known full-service Hair

Florida (Miami-Dade)


  • Asking Price: $380,000
  • Gross Income: $526,365
  • Cash Flow: $187,958
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $90,000
  • Listing ID: #207423
  • Established: 2010
  • Employees: 12 FT

Business Description

Upscale and full-service Hair Salon has been at the same fantastic location for over 8 years. The owner has a hair salon in Paris and purchased this salon as an extension to the Paris salon. The employees are highly trained. This makes them sought after by affluent clients which include a local and professional clientele. The customer base has many repeat customers. The salon has 10 workstations for stylists, 3 for pedicures, 4 for manicures, 3 for Hair Washers, and 2 rooms for massage or facial therapy with plenty of space to grow!


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12 FT

Financial Information

Asking Price: $380,000
Gross Revenue: $526,365
Cash Flow: $187,958
FF&E: $90,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

The Salon is in an excellent location in the heart of Coral Gables, FL. It has been on this location for over 8 years. The space is 2,200 square feet. The lease contract is until 2020 with an option to renew for 3 + 3 years. The monthly rent is $6,000.

Growth & expansion opportunities:

The salon is only using part of the facility, so there is room to grow by adding new staff members. Also, Coral Gables is an area of great demographic growth both its residents and professionals.

Competition:

Target customers are high-end clients looking for the most recent trends in style and products who expect high quality work and excellent customer service. Promotion is done mainly through its own clients who are mostly repeats. The clients are accustomed to paying special attention to their appearance due to professional needs. The Salon is active in social media through Facebook and Instagram accounts.

Reason for selling:

Family Issues

Support & Training:

The owner will train buyer for 2 weeks at no cost.

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Business Listed By:

Josias Senior

Capital Business Solutions