Well Established Hair Salon for Sale

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
$180,000 $719,293

Services: Hair, Nails, Spas, Tanning

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RE: Well Established Hair Salon for Sale Broker: Andy Fischer

Quick Facts

Asking Price: $180,000
Annual Revenue: $719,293
Net Profit: Not Disclosed
Cash Flow: $92,498
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 20
BBN Listing #: 79914955
Broker Reference #: 1040-16072

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Business Overview:

Upscale and very prestigious 5 Star Salon. The salon was completely renovated to an open concept that provides a perfect traffic flow. Well-Established affluent clientele due to the owners 40+ years in the beauty industry by always providing the utmost service, professionalism, and impeccable customer service from the moment you walk in. All stylists have been fully trained by the owner and master colorist. Salon has 14 hair stations, 4 manicure and 4 pedicure stations, wax room, facial room, 2 VIP barber rooms, laundry room, stock room, changing room. Sellers are open to staying on board with the new owner. Owners are ready to retire from a full time basis to a part time. Great opportunity to grow salon by adding additional services. Very centrally located with lots of walk-in traffic!! Ample parking.

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Property Features and Assets:

Stand alone building, located in a high traffic street in South Miami. There is private and ample parking. The space is 3,000 square feet, rent is $7,500 per month, lease expires in October-2024 and there is one option to renew for 5 additional years. The current owners installed 3 new A/C units with a special filtering system. Assets = $345,000.

Market Competition and Expansion:

The only 5 star prestigious salon in the area. The culture and service the salon provides is unique to us. Our salon has expert personnel all trained by the owner. Our salons key success is being an educational salon bringing the latest to our customers; first to market. The owners are tired and have been through health issues in the last few years. A new, healthy owner with energy should be able to grow the business and take it to a new level.

Reason for Selling:

Health / Retirement.

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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