REDUCED TO SELL NOW -Hair Salon & Spa with upscale clientele

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EXCELLENT OPPORTUNITY-Well established Hair Salon & Spa- Great Location
Asking Price:
$125,000

Gross Revenue:
$271,132
Cash Flow:
$86,893
EBITDA:
$86,893
Inventory:
$2,100
not included in asking price

FF&E:
$37,500
included in asking price

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Business Description

Great opportunity to buy this very cosy Hair Salon located is the one of the best neighborhoods of Miami for a fraction of the price!
It's a complete turn key operation in perfect condition within 1,100 square feet of space. Under market rent and very attractive lease.
The salon is Fully Equipped for Hair Care and all Beauty Services (Facials, Waxing, Manicure, Pedicures).
• Specializing in dimensional color, modern precision haircutting, relaxing facials, manicures/pedicures, eyelash extensions, and black tie/wedding updos and makeup.
• Offers keratin protein treatment for damaged hair. Wedding makeup on location.
• Currently 2 commissioned hair stylists, 3 renters, 2 chairs open for either commission or renting. 2 pedicure/manicure chairs rented and room to add 1 more station.
• Professional, Licensed and trained employees willing to stay.
• All licenses in place. Salon has been in business for over 15 years, with a solid base of upper income repeat customers.
• The Salon is a modern build out with great signage and large front windows with 7 complete chair stations plus 2 wash sinks. On-Site Washer & Dryer
• Well-appointed interior with excellent lighting and equipment. Great visibility and constant traffic as well as private gated parking. The salon is surrounded by strong up-scale demographics to support the services offered.
• Excellent opportunity to earn additional income for a hairstylist professional looking to have their own business. Extremely low fixed expenses.
• Owner has trademarked a complete line of hair care and skin care products along with complete formulas ready to produce and take line to market included in sale. Owner will help with sourcing manufacture as they come from skin care sector and have taken skin care lines to retail market.
• Good Software for on-line appointment scheduling also included.
Great for visa Buyers, perfect for an E2 visa and very motivated Seller.

About the Business

Location:
Miami, Florida
Year Established:
2009
Number of Employees:
7 full time
Real Estate:
Leased
Building Sq. Ft.:
1,100
Rent:
$2,750.00 Per Month
Lease Expiration:
3/28/2021
Facilities:
7 Complete Hair Stations, 2 Shampoo Bowls, 2 Pedicure/Manicure Stations, New AC., Kitchen, Two Bathrooms with Changing Room. New Washer & Dryer
Excellent lease conditions and great landlord. Easy access - Private parking.
Market Outlook/
Competition:
No competition. No salon in the area has the up-scale clientele from Coral Gables.
Growth & Expansion:
Possibility to expand the operating hours by opening Mondays. Capacity to hire 2 more hair stylists and 1 more nail technician as well as keep the salon open till 9pm to service clients after work. Opportunity to rent 1 spa room to a massage therapist or to perform Botox treatments.
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About the Sale

Reason For Selling:
Owner is too busy with other responsibilities
Training/Support:
Entire team willing to stay, continue to guide new owner and grow the business.
Seller Financing:
Available with up to 50% down payment to the right buyer

Listing Info

ID:
1643059
Ad Detail Views:
0

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Business Listed by

Raquel Afriat

VR Business Brokers
License# 3310893

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