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  • RE:  Established Hair Salon
  • Contact:  Andy Fischer

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $304,162
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: $1,100,000
Year Established: 2015
Employees: 7
BBN Listing #: 947143
Broker Reference #: 1040-18378

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Business Overview:

Very successful hair salon with a hybrid concept of chair rental and split commission.  Located in the Fort Lauderdale area.  Out of the 10 stations there are 3 rented ($360 per week) and 4 under commission agreement (50-50 split).  Located in high end prime location, the business has great reputation, clientele is between 30-40 years old, beautiful design.  The Buyer of the businesses will need to purchase the real estate.  Average ticket is $150.  Seller owns the building which has two premises, one is rented generating passive income. Great opportunity to build equity instead of paying rent with a successful business.  The value of the building is $1,100,000.

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Property Features and Assets:

Seller owns the building which consists of 2 premises of 1,240 sq ft each.  The other premises is rented.  Location is prime, a few yards away from A1A, there is plenty of parking.  The buyer of the business will need to purchase the real estate.

Assets = $1,135,000

Market Competition and Expansion:

This salon has 5 Star reviews on Google, has an excellent reputation, has a great working environment, the decoration is modern.  There are others salons in the area but it has not been a challenge to this business.

Bringing more stylist to occupy the empty stations.  In addition the buyer of the business will have an extra space to grow once the lease of the other space is due.

Reason for Selling:

Moving out of state.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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