High End and Very Profitable Hair Salon

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
$1,520,000 $1,687,785

Services: Hair, Nails, Spas, Tanning

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RE: High End and Very Profitable Hair Salon Broker: Andy Fischer

Quick Facts

Asking Price: $1,520,000
Annual Revenue: $1,687,785
Net Profit: Not Disclosed
Cash Flow: $546,139
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 9
BBN Listing #: 63134955
Broker Reference #: 1040-16913

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Business Overview:

Successful high-end salon established in 2010. Excellent reputation. Located in the Coral Gables area at street level of an office building with great demographics. New build out, the salon looks beautiful. Extremely profitable operation with constant flow of clients. Data base of 5,000 active costumers, the business does 60 to 80 clients a day with an excellent, well trained, and loyal staff. Business is uniform during the year. 11 hair stations, 5 wash bowls and 8 seats for coloring. The salon only does hair. The business has a manager in place. Excellent books and records. Good for a hairstylist looking for a successful salon or for an investor looking for a high return investment. 4.9 stars reviews in Google. Business is very strong after the reopening from Covid-19 lock-down.

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Property Features and Assets:

The location was recently remodeled, everything is new and fresh. The business is located in an office building, it has 1,215 square feet. The lease is $6,210 per month, everything included. Lease expires 10/2024 with three options to renew of 5 years each. The building has a paid parking garage. Assets = $187,300.

Market Competition and Expansion:

There is not much competition in the area. This salon is the largest and busier. There is probably only 5 or 6 of the same level of hair salon (numbers, clientele and design). The business can grow through different avenues: they only open 5 days a week, it could open one more day. New ownership and new ideas can help this business grow.

Reason for Selling:

Other interests after so many 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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