Profitable Hair Salon in North Palm Beach

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$149,950 $704,488

Services: Hair, Nails, Spas, Tanning

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RE: Profitable Hair Salon in North Palm Beach Broker: Russell Cohen

Quick Facts

Asking Price: $149,950
Annual Revenue: $704,488
Net Profit: Not Disclosed
Cash Flow: $128,876
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 46514955
Broker Reference #: 1043-15332

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Business Overview:

Reason For Sale: No More Ownership Responsibility- Profitable Hair Salon in North Palm Beach- Great opportunity to enter the Salon industry in one of North Palm Beach finest upscale community. 2019 Sales $700,000 + & earnings $125,000+ . The owner is ready to step back & stay on as a stylist. Fully equipped with 11 stylists chairs & 7 stylists on staff. Rent is an affordable $4,300/month (1,250 square feet) with a lease extending to 2031. Visa qualified with W2 employees and 1099 staff (Tax Returns on file 19/18/17). Impeccable Books & Records. Priced well for an immediate sale!

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Property Features and Assets:

Shopping Center- Rent $4,300 - Lease Expires 8/31/2021-Square Feet 1210 -Two - 5 year options. Assets= $30,000

Reason for Selling:

No More Ownership Responsibility.

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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