Miracle Mile C.Gables Salon

Relocatable, FL
Miami Dade County

Asking Price: Annual Revenue:
$350,000 $290,000

Services: Hair, Nails, Spas, Tanning

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RE: Miracle Mile C.Gables Salon Broker: WILLIAM DECANIO
Owner Financing is Available!
Loan/Seller - Amount: $40,000 Months: 18 Rate: 5.00% Monthly Payment: $2,311.22

Quick Facts

Asking Price: $350,000
Annual Revenue: $290,000
Net Profit: Not Disclosed
Cash Flow: $115,000
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 3
BBN Listing #: 6483630
Broker Reference #: 2201794590

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Business Overview:

Pandemic-resistant business. Longstanding Hair and Nail Salon in the heart of Coral Gables' fashion district, on magical Miracle Mile. Ample parking/Valet available. Two Owners will stay to transition and work long-term transition of clients, as needed. Turn-key and ready for new owner-operator's an expansion/infusion in underutilized space; 12 chairs 2 nail stations but currently operating with only three stations active, by design. The salon is set for growth with the addition of professional stylists. Can easily be the highest-grossing salon on 'the mile'. Please refer to listing number 2201794590, business broker William DeCanio when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $6,700; Square Footage: 2,300; Building Type: RetailStorefront; Terms & Options: 5+2 year option; Expiration Date: 12/31/2024.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 2

Reason for Selling:

Many Years in industry.

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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