MergerPlace

Extraordinary Beauty Salon- Coral Gables

Coral Gables, Florida (Miami-Dade)


  • Asking Price: $450,000
  • Gross Income: $580,407
  • Cash Flow: $170,164
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $90,000
  • Listing ID: #213668
  • Established: 2010
  • Employees: 10

Business Description

This upscale and well-known full-service Hair Salon has been at the same fantastic location in the heart of Coral Gables, since 2010. Has 10 workstations for stylists, 3 for pedicures, 4 for manicures, 3 for Hair Washers, and 2 private rooms for massage or facial therapy. Both, the current manager and the owner's daughter, are willing to stay with the buyer as managers of the salon. Because of family issues, the owner wants to sell.


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 10

Financial Information

Asking Price: $450,000
Gross Revenue: $580,407
Cash Flow: $170,164
FF&E: $90,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Has 10 workstations for stylists, 3 for pedicure, 4 for manicure, 3 for Hair Washers, and 2 private rooms for massage or facial therapy. The lease contract is until December 2019 with an option to renew for 3 more years. Monthly rent is $6,300

Growth & expansion opportunities:

Coral Gables is an area of considerable demographic growth. Also, there is an opportunity to grow by adding new staff members or using more intensively the installed facilities.

Competition:

The following services are provided: Haircut & Style, Hair Treatments, Hair Color, Blow Dry, Shampoo & Conditioning, Manicure and Pedicure, Professional Makeup, and Massage Therapy. The Salon is active in social media through Facebook and Instagram Accounts. Also, promotion is done through its own clients which are mostly repeat clients

Reason for selling:

Personal Reasons

Support & Training:

The Sellers will provide training for two weeks at no cost to allow for the smooth and orderly transition of the business

Contact Business Seller

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Business Listed By:

Roberta Caputo

Capital Business Solutions