Hi-end established HAIR and BEAUTY Salon in Miami Beach

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Great Hair and Beauty Salon in one of the best street of Miami Beach
Asking Price:
$85,000

Gross Revenue:
$400,000
Cash Flow:
$30,000
EBITDA:
$5,000
Inventory:
$10,000
not included in asking price

FF&E:
$35,000
included in asking price

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Business Description

Beautiful Hair and Beauty Salon in an Upscale Neighborhood of Miami Beach. 5 star rating on Yelp. Fully Equipped for Hair Care and all beauty services (Facials, Waxing, Manicure, Pedicures). The clientele is high-end and loyal. Professional and trained employees willing to stay. All licences in place. Lots of street parking. Plenty of room to keep growing the business.

About the Business

Location:
Miami Beach, Florida
Year Established:
2012
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$6,300.00 Per Month
Lease Expiration:
8/14/2022
Facilities:
7 hair station, 4 shampoo bowls, 4 pedicure stations, 5 manicure tables, 2 full equipped spa rooms for WAX and Facials, lots of storage space
New AC.
Website:
www.paulericsinclair.com
Market Outlook/
Competition:
There are multiple salons in the street. None of them offers all the services in such a big and open space. The price list could be raised by 5 to 10% as a very expensive salon is starting across the street.
Growth & Expansion:
Possibility to expand the operating hours by opening the Mondays. possibility to hire more hair stylists and keep the salon open till 9pm to service client after work. Opportunity to rent one SPA room to a massage therapist or to perform Botox treatments.
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About the Sale

Reason For Selling:
Owner not from this industry. Got Visa with salon, now got Green Card.
Training/Support:
Owner willing to transfer all knowledge for 3 weeks. Team willing to stay and continue to grow the business.

Listing Info

ID:
1403453
Ad Detail Views:
510


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Business Listed by
Eric Mouyal

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