Hair Salon Absentee Owned in Great Location

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$325,000 $1,596,464

Services: Hair, Nails, Spas, Tanning

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RE: Hair Salon Absentee Owned in Great Location Broker: Erin Crawford

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,596,464
Net Profit: Not Disclosed
Cash Flow: $184,702
Total Debt: Not Disclosed
FF&E: $185,000
Real Estate: Not Disclosed
Year Established: 1991
Employees: 8
BBN Listing #: 8647630
Broker Reference #: 6401487068

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Business Overview:

Full service, a high-end, absentee-owned salon offering hair styling and color, makeup, jewelry, and skincare, located in prime South county plaza and established nearly 30 years. Large salon in a well-anchored shopping center with a very strong clientele base. The staff all very long tenure and the owner is non-stylist and has been absentee for over 4 years. Solid financials, W2 employees, excellent E2/L1 visa opportunity. Beautiful build-out, no expense spared and $35K inventory included. Room to grow by adding more stylists and an owner-operator stylist could exponentially grow this business! Publix anchored shopping center, very little competition in the area, and near affluent communities. The first column financials are for October 2018 through September 2019. Please refer to listing 6401487068 when you inquiry about this listing.

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Property Features and Assets:

Lease/Month: $14,000; Square Footage: 3,103; Building Type: Retail. Terms & Options: 1 @ 5 Year; Expiration Date: 11/30/2022.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 5

Reason for Selling:

Retiring after 28 Years.

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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