MergerPlace

Profitable Hair Salon

Florida (Palm Beach)


  • Asking Price: $180,000
  • Gross Income: $469,306
  • Cash Flow: $124,605
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $25,000
  • Listing ID: #217426
  • Established: 2004
  • Employees: 4 FT / 6 PT

Business Description

Reason For Sale: No More Ownership Responsibility- Profitable Hair Salon in North Palm Beach- Great opportunity to enter the Salon industry in one of North Palm Beach finest upscale community. 2019 Sales (trending to $700k) & earnings (Trending to $125K+) are up but the owner is ready to step back & stay on as a stylist. Fully equipped with 11 stylists chairs & 7 stylists on staff. Rent is an affordable $4300/month (1250 sq ft) with a lease extending to 2031. Visa qualified with W2 employees and 1099 staff. Impeccable Books & Records. Priced well for an immediate sale! 2019 #'s Thru Sept at $469k.


Business Details

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

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 6 PT

Financial Information

Asking Price: $180,000
Gross Revenue: $469,306
Cash Flow: $124,605
FF&E: $25,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Shopping Center- Rent $4300 - Lease Expires 8/31/2021-Sq Ft 1210 -Two - 5 yr options.

Reason for selling:

No More Ownership Responsibility.

Support & Training:

Will train for 2 weeks @ no cost Administration skills or Hair stylist.

Contact Business Seller

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Business Listed By:

Russell Cohen

Murphy Business Brokers