MergerPlace

Upscale 41-Year Salon

Florida (Broward)


  • Asking Price: $268,000
  • Gross Income: $428,843
  • Cash Flow: $186,283
  • Real Estate: Not Disclosed
  • Inventory: $10,300
  • FF&E: $41,400
  • Listing ID: #212496
  • Established: 1978
  • Employees: 7 FT

Business Description

It would not take long even for the most avid researcher to realize that this upscale salon is as good as they come - 41 years in the business, a destination for celebrities, multiple sources of income, completely re-designed and remodeled with flair, located centrally to a wealthy neighborhood and with relative to now seasonality! They will even serve you an espresso or a glass of wine while you wait! This one stands at the top of the list amongst available upscale salons and will not last! Perfect for an owner of an existing salon that wants to become even more successful, for a beautician, esthetician or investor that has relocated from up-north or an international buyer with eagerness to make money and establish meaningful relationships with who's who of the Eastern Fort Lauderdale. May qualify for a VISA!


Business Details

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

Company Information

Year Established: 1978
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 7 FT

Financial Information

Asking Price: $268,000
Gross Revenue: $428,843
Cash Flow: $186,283
FF&E: $41,400
Inventory: $10,300
Seller Financing Available: No

Property Information

Facilities:

1900 square feet of tastefully remodeled space with elegant amenities located in a strip plaza along a major east west Broward county road. Friendly landlord. The salon is located near a mall and the beach and nested in a very affluent neighborhood. The furniture, mirrors and everything else are styled by European designers. Air-conditioned. Surrounded with boutique shops and restaurants.

Growth & expansion opportunities:

The population of Florida is growing each passing day and so is the amount of tourists that visit this affluent neighborhood, which is located with close approximity to the beach. This salon has blue horizons ahead and the opportunities for growth are immense especially with the recent addition of the nail, massage and facial services in the space next-door.

Competition:

There's quite a bit of competition in this industry segment but this salon stands at the top of the pyramid in terms of reputation, longevity in the business, multiple sources of revenue, quality of workmanship, quality of product line and location. We dare you to find another salon that would come even close to all of that.

Reason for selling:

After 41 successful years the seller of this stylish and upscale salon is ready to pass the baton to someone else. This business may qualify for a VISA!

Support & Training:

Will train for 2 weeks @ $0 cost.

Contact Business Seller

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Business Listed By:

Anton Joro

Murphy Business Brokers