Established Hair Salon
Broward County, FL
| Asking Price: | $1,300,000 |
| Inventory: | $20,000 |
| Real Estate: | $1,100,000 |
| Gross Revenue: | $304,162 |
| FF&E: | $15,000 |
| Established Year: | 2015 |
Listing ID: 2242155Listing provided by BizBuySell
BUSINESS DESCRIPTION
Includes real estate with great location
Very successful hair salon with a hybrid concept of chair rental and split commission. Located in the Fort Lauderdale area. Out of the 10 stations there are 3 rented ($360 per week) and 4 under commission agreement (50-50 split). Located in high end prime location, the business has great reputation, clientele is between 30-40 years old, beautiful design. The Buyer of the businesses will need to purchase the real estate. Average ticket is $150. Seller owns the building which has two premises, one is rented generating passive income. Great opportunity to build equity instead of paying rent with a successful business. The value of the building is $1,100,000.
DETAILED INFORMATION
Location
Broward County, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
1,240
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller owns the building which consists of 2 premises of 1,240 sq ft each. The other premises is rented. Location is prime, a few yards away from A1A, there is plenty of parking. The buyer of the business will need to purchase the real estate.
Competition
This salon has 5 Star reviews on Google, has an excellent reputation, has a great working environment, the decoration is modern. There are others salons in the area but it has not been a challenge to this business.
Growth & Expansion
Bringing more stylist to occupy the empty stations. In addition the buyer of the business will have an extra space to grow once the lease of the other space is due.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
Moving out of state.
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