Asking Price: $600,000 Gross Revenue: $1,133,000Cash Flow: $200,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 included in asking priceFF&E: $103,000 included in asking priceReal Estate: Not Disclosed Share 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.
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
Number of Employees:
2 FT 8 PT
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.
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.
Upscale full-service Hair Salon in great location in Miami, FL
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