Upscale full-service Hair Salon in great location in Miami, FL

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Asking Price:
$600,000

Gross Revenue:
$1,133,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
included in asking price

FF&E:
$103,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Upscale and well-known full-service Hair Salon that for over twelve years has been at the same fantastic location in Brickell. The owner who is not a stylist bought this salon as an investment opportunity and is ready to move on to other business ventures. Employees are high-level stylists required by high-end clients which include locals, tourist & celebrities. The salon has FIVE Stylists workstations, 3 Pedicure workstations,2 Hair Washers and uses the most recent trends in style and products.

About the Business

Year Established:
2005
Number of Employees:
2 FT 8 PT
Facilities:
The salon is located in a tidy modern facility, established in a well recognized upscale city area. The Salon has 5 Stylists work stations, 3 Pedicure equipment, 3 Pedicure workstations, 2 Rooms equipped with Lamps, Tables for Facial, Massage, etc. 1 Office /Stockroom, 1 Lounge area for personnel. Also, the site has enough space to increase work capacity by about 20%. Space is 1,100 square feet and the monthly lease is $4,200 until the year 2020.
Market Outlook/
Competition:
Promotion is made, mainly through its own clients, accustomed to investing in their personal appearance because of professional needs. The Salon makes an efficient combination of social media (Instagram, Facebook, etc.) and interchange of services with well-known celebrities who have a significant number of followers in social media, some of them with more than 1 million followers.
Growth & Expansion:
Rising consumer sentiment and per capita disposable income have boosted industry growth and led to increased demand for supplementary services, such as hair modification treatments, skin-care services, and massages. Per capita disposable income and consumer confidence will keep rising as the unemployment rate continues to decline, providing consumers with more discretionary income for luxury services at hair salons.
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About the Sale

Reason For Selling:
Pursue other business ventures
Training/Support:
The seller will train a new buyer for a period of 4 weeks at no cost to the buyer.

Listing Info

ID:
1546581
Ad Detail Views:
320

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Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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