Location! Within the heart of Aventura, Off a Main road. Beautiful upgraded Salon with two private rooms for facials. 3 hair stations, 2 manicure.Low rent with flexible terms. Owner operator, Owner is willing to stay on board after the sale as a part time stylist. Both facial rooms rented out, Both manicure stations rented out. Rent is month to month, it includes water and property tax. Expenses include FPL $130., Alarm system $147., Tlf/WiFi $177. and inventory for daily use. Very Low overhead !
About the Business
Number of Employees:
7 FT 4 PT
Building Sq. Ft.:
$2,461.00 Per Month
2 private rooms for facials, 3 hair stations, 2 manicure stations, 900 sq ft
Target customers are high-end clients , mostly locals and some seasonal, looking for the most recent trends in style and products who expect high quality work and excellent customer service. Promotion is done mainly through its own clients who are mostly repeats. Current owner is too busy working the salon and travelling; this Salon needs a new owner to be active in social media through Facebook and Instagram accounts.
Growth & Expansion:
Health and Wellness industry is booming and the demand for anti-aging procedures is increasing as baby boomers age. Salon just got an upgrade with a 2nd new facial room
Asking Price: $199,000 Gross Revenue: $160,000Cash Flow: $90,719 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 not included in asking priceFF&E: $10,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Hair Salon / Day Spa for sale in Aventura, Florida
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