MergerPlace

Upscale full-service Hair Salon in Miami

Miami, Florida (Miami-Dade)


  • Asking Price: $600,000
  • Gross Income: $1,133,000
  • Cash Flow: $200,000
  • Real Estate: Not Disclosed
  • Inventory: $40,000
  • FF&E: $103,000
  • Listing ID: #209303
  • Established: 2005
  • Employees: 2 FT 8 PT

Business Description

Upscale and well-known full-service Hair Salon that for over 12 years has been at the same fantastic location in Brickell. The owner who is not a stylist bought this salon as an investment opportunity and is ready to move on to other business ventures. Employees are high-level stylists required by high-end clients which include locals, tourist & celebrities. The salon has 5 Stylists workstations 3 Pedicure workstations 2 Hair Washers and uses the most recent trends in style and products.


Business Details

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

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT 8 PT

Financial Information

Asking Price: $600,000
Gross Revenue: $1,133,000
Cash Flow: $200,000
FF&E: $103,000
Inventory: $40,000
Seller Financing Available: No

Property Information

Facilities:

The salon is located in a tidy modern facility, established in a well recognized upscale city area. The Salon has 5 Stylists work stations. 3 Pedicure equipment 3 Pedicure workstations 2 Rooms equipped with Lamps, Tables for Facial, Massage, etc. 1 Office /Stockroom 1 Lounge area for personnel Also, the site has enough space to increase work capacity by about 20%. Space is 1,100 square feet and the monthly lease is $4,200 until the year 2020.

Growth & expansion opportunities:

Rising consumer sentiment and per capita disposable income have boosted industry growth and led to increased demand for supplementary services, such as hair modification treatments, skin-care services, and massages. Per capita disposable income and consumer confidence will keep rising as the unemployment rate continues to decline, providing consumers with more discretionary income for luxury services at hair salons.

Competition:

Promotion is made, mainly through its own clients, accustomed to investing in their personal appearance because of professional needs. The Salon makes an efficient combination of social media (Instagram, Facebook, etc.) and interchange of services with well-known celebrities who have a significant number of followers in social media, some of them with more than 1 million followers.

Reason for selling:

Other business ventures

Support & Training:

The seller will train a new buyer for a period of 4 weeks at no cost to the buyer.

Contact Business Seller

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Business Listed By:

Roberta Caputo

Capital Business Solutions