Upscale Hair Salon Downtown Miami

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
$300,000 $576,000

Manufacturing: Beauty, Medical Products

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RE: Upscale Hair Salon Downtown Miami Broker: Andy Fischer

Quick Facts

Asking Price: $300,000
Annual Revenue: $576,000
Net Profit: Not Disclosed
Cash Flow: $54,865
Total Debt: Not Disclosed
FF&E: $140,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 9
BBN Listing #: 40854955
Broker Reference #: 1040-14744

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Business Overview:

Amazing hair Salon located in Downtown Miami. Beautiful and recently renovated set up with 16 stations (10 hair, 4 manicure and 2 pedicure) and massage room. Owner is absentee and there is a general manager controlling the operation which includes 4 hair stylist, 3 manicurist and 1 hair assistant. Premium location in the heart of Miami. Valet parking available. Great reviews. Soon to be added is a clothing and accessories store. Current monthly sales approximately $45,000.

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Property Features and Assets:

Business is located in the lobby of an office building. 2,161 square feet for $9,000 a month. Lease expires 2023. Assets= $212,000

Market Competition and Expansion:

There are other high end salons in the area. This one differentiates from others though their quality of service, great environment and excellent staff in place. A store is being added to the Salon, this should increase sales. An owner operator should be able to improve the performance of the business.

Reason for Selling:

Partnership dissolution.

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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