MergerPlace

Beauty Salon - Hair, Nails, Skin, Lashes

Florida (Manatee)


  • Asking Price: $198,000
  • Gross Income: $527,231
  • Cash Flow: $86,810
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $20,000
  • Listing ID: #219327
  • Established: 2010
  • Employees: 8 FT

Business Description

The salon is fresh in appearance and has six chairs. Their Team provides a full range of hair, nail, skin and lash experiences. The owner sees customers as desired or to assist the Team. Associates are encouraged to sell products and are incented for their success. There is a receptionist and customers can book their appointments online. Employees have years of experience in the industry. The relationship the employees have with the customers is positive and creates a fun exciting day of work. Management's attention to the needs of their employees has enabled those employees to bring value to their clients which is creating referrals and repeat business.


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8 FT

Financial Information

Asking Price: $198,000
Gross Revenue: $527,231
Cash Flow: $86,810
FF&E: $20,000
Inventory: $8,000
Seller Financing Available: No

Property Information

Facilities:

The Salon leases in a current looking, well maintained shopping center with a sizable core tenant. Pictures are available. The center is on a well traveled highway. The tenants around them include restaurants, a national hardware store to name a few and the ingress/egress is good.

Growth & expansion opportunities:

The year 2018 was a transition year and the Salon exceeded 2018 sales level in 2019. The potential for continued growth is through smart management skills that understands employee motivation and client satisfaction. That combination occurred in 2019 and continues into 2020. Additionally, the Salon has had product sales success and believes there is potential for even greater success with continued product sales training with quality products. Additional "specials" can be run that has only just begun. Community charity activities also has proven to be a success and brings customers into the Salon.

Competition:

This business is well established in this significant retail complex. The closest salon is two miles away. There is a dedicated Nail Salon close by. They are open 6 days a week with normal 9-4 or 7 pm hours. During season, they can be open 7 days a week.

Reason for selling:

These owners have several businesses. They also have several children of the middle and high school age that are engaged in many different activities. The family wants to enjoy their youth and the related school events. Thus, they are selling this business.

Support & Training:

Will train for 2 weeks @ no cost They experienced Team provides a host of services for hair, nails, skin and lashes. Their core products are Redkin and Kevin Murphy. Business license for the State & County are required and employees with clients are licensed by the State of Florida.

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Business Listed By:

David Kresge

Murphy Business Brokers