MergerPlace

Well Established Hair Salon for Sale

Florida (Miami-Dade)


  • Asking Price: $235,000
  • Gross Income: $719,293
  • Cash Flow: $92,498
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $100,000
  • Listing ID: #224721
  • Established: 2014
  • Employees: 13 FT / 7 PT

Business Description

Upscale and very prestigious 5 Star Salon. The salon was completely renovated to an open concept that provides a perfect traffic flow. Well-Established affluent clientele due to the owners 40+ years in the beauty industry by always providing the utmost service, professionalism, and impeccable customer service from the moment you walk in. All stylists have been fully trained by the owner and master colorist. Salon has 14 hair stations, 4 manicure and 4 pedicure stations, wax room, facial room, 2 VIP barber rooms, laundry room, stock room, changing room. Sellers are open to staying on board with the new owner. Owners are ready to retire from a full time basis to a part time. Great opportunity to grow salon by adding additional services. Very centrally located with lots of walk-in traffic!! Ample parking.


Business Details

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

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13 FT / 7 PT

Financial Information

Asking Price: $235,000
Gross Revenue: $719,293
Cash Flow: $92,498
FF&E: $100,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Stand alone building, located in a high traffic street in South Miami. There is private and ample parking. The space is 3,000 sq ft, rent is $7,500 per month, lease expires in October-2024 and there is one option to renew for 5 additional years. The current owners installed 3 new A/C units with a special filtering system.

Growth & expansion opportunities:

The owners are tired and have been through health issues in the last few years. A new, healthy owner with energy should be able to grow the business and take it to a new level.

Competition:

The only 5 star prestigious salon in the area. The culture and service the salon provides is unique to us. Our salon has expert personnel all trained by the owner. Our salons key success is being an educational salon bringing the latest to our customers; first to market.

Reason for selling:

Health / Retirement.

Support & Training:

Will train for 2 weeks @ no cost The services offered by the salon are, hair styling, manicure, barber services, wax, facials. It is recommended that a new owner is a stylist or a person with management experience.

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Business Listed By:

Andy Fischer

Murphy Business Brokers