MergerPlace

Upscale Hair Salon Downtown Miami

Florida (Broward)


  • Asking Price: $300,000
  • Gross Income: $576,000
  • Cash Flow: $54,865
  • Real Estate: Not Disclosed
  • Inventory: $12,000
  • FF&E: $140,000
  • Listing ID: #213596
  • Established: 2013
  • Employees: 9 PT

Business Description

Amazing hair Salon located in Downtown Miami. Beautiful and recently renovated set up with 16 stations (10 hair, 4 manicure and 2 pedicure) and massage room. Owner is absentee and there is a general manager controlling the operation which includes 4 hair stylist, 3 manicurist and 1 hair assistant. Premium location in the heart of Miami. Valet parking available. Great reviews. Soon to be added is a clothing and accessories store. Current monthly sales approximately $45k.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9 PT

Financial Information

Asking Price: $300,000
Gross Revenue: $576,000
Cash Flow: $54,865
FF&E: $140,000
Inventory: $12,000
Seller Financing Available: No

Property Information

Facilities:

Business is located in the lobby of an office building. 2,161 sq ft for $9,000 a month. Lease expires 2023.

Growth & expansion opportunities:

A store is being added to the Salon, this should increase sales. An owner operator should be able to improve the performance of the business.

Competition:

There are other high end salons in the area. This one differentiates from others though their quality of service, great environment and excellent staff in place.

Reason for selling:

Partnership dissolution.

Support & Training:

Will train for 2 weeks @ no cost Management skills, marketing skills. An owner stylist would be a plus.

Contact Business Seller

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Business Listed By:

Andy Fischer

Murphy Business Brokers