Business For Sale

Exceptional Hair Salon in Coral Gables

Coral Gables, FL
Miami Dade County

Asking Price: Annual Revenue:
$380,000 $526,365

Services: Hair, Nails, Spas, Tanning

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RE: Exceptional Hair Salon in Coral Gables Broker: Roberta Caputo

Quick Facts

Asking Price: $380,000
Annual Revenue: $526,365
Net Profit: Not Disclosed
Cash Flow: $187,958
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 12
BBN Listing #: 4965344
Broker Reference #: 3392

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Business Overview:

Established and well-known Hair Salon located in the same place for over 8 years. The owner has a hair salon in Paris and purchased this salon as an extension to the Paris salon. The employees are highly trained which makes them sought after by affluent clients that include local and professional clientele. The customer base has many repeat customers. The salon has 10 workstations for stylists, 3 for pedicures, 4 for manicures, Three for Hair Washers, and 2 rooms for massage or facial therapy with plenty of space to grow!

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Property Features and Assets:

The Salon is in an excellent location in the heart of Coral Gables, FL. It has been on this location for over 8 years. The space is 2,200 square feet. The lease contract is until 2019 with an option to renew for 3 years. The monthly rent is $6,000.

Market Competition and Expansion:

Target customers are high-end clients looking for the most recent trends in style and products who expect high quality work and excellent customer service. Promotion is done mainly through its own clients who are mostly repeats. The clients are accustomed to paying special attention to their appearance due to professional needs. The Salon is active in social media through Facebook and Instagram accounts. The salon is only using part of the facility, so there is room to grow by adding new staff members. Also, Coral Gables is an area of great demographic growth both its residents and professionals.

Reason for Selling:

Family Issues.

Additional Details:

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

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