MergerPlace

Upscale Full-Service Salon in WPB

Florida (Palm Beach)


  • Asking Price: $475,000
  • Gross Income: $1,382,267
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $191,905
  • Listing ID: #225631
  • Established: 2010
  • Employees: 40 FT / 4 PT

Business Description

It would not take long even for the most avid researcher to realize that this upscale salon is as good as they come - 10 years in the business, a destination for high-earners, multiple sources of income, completely designed from scratch with flair, located centrally in Palm Beach County to a wealthy neighborhood and with relative to no seasonality! This one stands at the top of the list amongst available upscale salons and will not last! Perfect for an owner of an existing salon that wants to become even more successful, for a beautician, esthetician or investor that has relocated from up-north or an international buyer with eagerness to make money and establish meaningful relationships with who's who of Palm Beach County. May qualify for a VISA as it has forty W-2 employees!


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 40 FT / 4 PT

Financial Information

Asking Price: $475,000
Gross Revenue: $1,382,267
FF&E: $191,905
Inventory: $30,000
Seller Financing Available: No

Property Information

Facilities:

This salon boasts 5,937 square feet of tastefully designed & constructed space with elegant amenities located in an upscale commercial plaza. The salon is located near a mall and the beach and nested in a very affluent neighborhood. The furniture, mirrors and everything else are styled by European designers. Air-conditioned. Surrounded with boutique shops and restaurants. Many high rise apartments are being built in the immediate vicinity. Near to I-95.

Growth & expansion opportunities:

The population of Florida is growing each passing day and so is the amount of customers that visit this affluent neighborhood salon. Most of the customers are not seasonal but local, so there's no dip in the summer business. By virtue of reputation, where it's situated and considering the multiple high-rise buildings that are going up nearby - this salon has blue horizons ahead. The opportunities for growth are immense.

Competition:

There's quite a bit of competition in this industry segment, but this salon stands at the top of the pyramid in terms of reputation, desirability of location, multiple sources of revenue and quality of workmanship. This the dream salon that everyone wants to own. Be prepared to be amazed when you go in!

Reason for selling:

The seller regrets to let go of this stylish and highly upscale salon but due the spouse's company relocation, she is ready to pass the baton to someone else. The seller is not a stylist - she manages this full-faceted salon. This business qualifies for a VISA as it has forty W-2 employees!

Support & Training:

Will train for 3 weeks @ no cost The services of this high-end salon include but are not limited to: women's haircuts, men's haircuts, event hair, hair color, hair treatments, nails, massage, facials, waxing, bridal and bridal party arrangements, etc. The buyer can maintain the name of the salon , which is a great name to branch out to other several locations. The employees are highly skilled and have been with the company for a long time.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Anton Joro

Murphy Business Brokers