MergerPlace

Beauty Salon - Hair, Nails, Skin, Lashes

Florida (Manatee)


  • Asking Price: $125,000
  • Gross Income: $305,289
  • Cash Flow: $51,370
  • Real Estate: Not Disclosed
  • Inventory: $100
  • FF&E: $28,247
  • Listing ID: #219327
  • Established: 2010
  • Employees: 8 FT

Business Description

The salon is fresh in appearance and has six chairs.
provides a full range of hair, nail, skin and lash experiences.
Associates are encouraged to sell products and are incented for their success.
Customers can book their appointments online.
Employees have years of experience in the industry.
The Health Crisis impact in March; they reopened in May 2020.


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: $125,000
Gross Revenue: $305,289
Cash Flow: $51,370
FF&E: $28,247
Inventory: $100
Seller Financing Available: No

Property Information

Facilities:

The Salon leases in a current, well maintained shopping center with a sizable anchor tenant. The center is on a well traveled highway. ingress/egress is good. Current Lease Payments are $2,749.59 +ST and is up for renewal April 30, 2021. Timing is good to negotiate a new lease.

Growth & expansion opportunities:

With this entire industry in Florida having to close due to the Pandemic, the question for any buyer is what is the potential for this existing business going forward. The best way to demonstrate the comeback underway is to annualize the known past 8 months of operations (July 2020 - February 2021) as noted in the 2021 forecast and apply the known OWNERS BENEFIT margin for their last successful year (2019 @16.8) and continue to build revenues on that know success. The forecast shows an anticipated $305K in revenues and a sellers benefit of $51K if they do no more then what they've been doing the past 8 months. Knowing that it was producing at $527K in 2019, a new owner has much upside here.

Competition:

This business is well established in this retail complex. The closest salon is two miles away. There is a dedicated Nail Salon close by. The subject business is 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 are exiting the industry. The owners have several businesses.

Support & Training:

Will train for 2 weeks @ no cost The experienced Team provides a host of services for hair, nails, skin and lashes. Their core products are Redkin and Kevin Murphy products. 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