Profitable Hair Salon with Chair Rental

Not Disclosed, FL
Broward County

Asking Price: Annual Revenue:
$1,250,000 $484,001

Retail: Health, Beauty, Nutrition

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RE: Profitable Hair Salon with Chair Rental Broker: Andy Fischer

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $484,001
Net Profit: Not Disclosed
Cash Flow: $160,657
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: $900,000
Year Established: 2015
Employees: 7
BBN Listing #: 60084955
Broker Reference #: 1040-16388

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Business Overview:

Very successful hair salon with a hybrid concept of chair rental and split commission. Out of the 8 stations there are 4 rented, 3 under commission agreement and one used by the owner. Due the demand, Seller is adding 2 more stations. There is also a private room used for eye lashes. Located in high end prime location, the business has great reputation, clientele is between 30-40 years old, beautiful design. Average ticket is $150. Seller owns the building which has two premises, one under a lease agreement. Sale includes real estate valued at $900,000. Great opportunity to build equity instead of paying rent with a successful business. Business and real estate have been pre-approved for financing.

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Property Features and Assets:

Seller owns the building which consists of 2 premises of 1,240 square feet each. The other premises is rented and there are 2 more years remaining on the lease. The building is included in the price. Location is prime, a few yards away from A1A, there is plenty of parking. Assets = $1,015,000.

Market Competition and Expansion:

This salon has 5 Star reviews on Google, has an excellent reputation, has a great working environment, the decoration is modern. There are others salons in the area but it has not been a challenge to this business. The business will grow in the short term by adding two more stations. In addition the buyer of the business will have an extra space to grow once the lease of the other space is due.

Reason for Selling:

Other activities.

Additional Details:

  • The property is owned.
  • 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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