Deluxe Hair and Nail Beauty Salon

Palm Beach County, FL
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Asking Price:$350,000
Gross Revenue:$1,176,784
Rent:$8,500
FF&E:$300,000
Cash Flow:$213,324
Inventory:$3,000
EBITDA:$213,324
Established Year:2002
BUSINESS DESCRIPTION

Deluxe hair and nail salon servicing upscale female clientele for 20 years in Publix-anchored plaza surrounded by wealthy retirement communities in Western Palm Beach County. Advertised financials reflect adjusted profits for an owner who is not an active stylist. Salon employs 6 full time hair stylists on W2 basis and two nail techs who rent space for $150/week each. Recent renovations totaling $300K for equipment and leasehold improvements. Long term lease includes options thru 2033. Interior includes 16 hair stations, 5 shampoo bowls, a 16 seat color station, two nail stations, separate waxing room, washer/dryer, and waiting area. Seller is semi-retiring but is willing to stay and work for buyer if asked to do so. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure statement is required.


DETAILED INFORMATION
Location
Palm Beach County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,600
Lease Expiration
01/12/2033
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Support & Training
two weeks
Reason for Selling
semi-retirement
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