REDUCED FOR QUICK SALE! Stunning hair salon & Spa -Loyal clientele

Miami Beach, FL

Seller Financing Available

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Asking Price:$199,000
Inventory:$12,000
EBITDA:$145,592
Established Year:2004
Gross Revenue:$411,569
Rent:$6,520/Month
FF&E:$55,000
BUSINESS DESCRIPTION

Turn-key Established Hair salon & Spa - prime location

REDUCED FOR A QUICK SALE! Owner needs to sell ASAP!
This hair salon & Spa is such a great opportunity for investors or E2 visa foreign buyers, or owner operator.
Current owner is not a hair stylist and only works few hours a week at the front desk. One of the estheticians can replace easily the owner.
Their talented team is part of the success of the salon
The business is well-known for its top-notch service and care for customers. With a nice space of 1500 square feet, modern equipment, and stylish decor, it's a welcoming place for regular and new customers.

The Key Features are the following:

Modern Place is stunning! : the salon is stylish and comfortable, with everything needed for a pleasant experience.
Prime Location: the salon is in a busy residential area surrounded by the main attractions for tourists, hotels, shopping and restaurants. It's in a very nice neighborhood, popular among different tourists and locals.    
 
The salon attracts a majority of regular customers: more than 750 loyal customers who love the top quality care, the services and the friendly and elegant atmosphere.
The qualified team offers a wide range of beauty services like hair, nails, massages, lashes, eyebrows, facials, and waxing. There's something for everyone!
 
There is still a lot of room to Grow: They have space to expand. Currently they have 6 hair stations (space to add 2-4 more), 2 shampoo bowls, 2 nail stations (space to add 3 more), and 2 private rooms with all the necessary equipment for other treatments, and can offer even more services in the future.
 
Clear Financials: careful records are kept for the sales, so the buyers can see exactly how well the business is doing.
Highly trained team: Currently 5 independent contractors are taking care of the customers, the business is currently running only at 40% of its capacity and the owners are not doing efforts in advertising. Some employees can also accept to be on W2.

The salon offers: Hair Services, Nail Services, Facial Services, Eyebrows, Eyelashes, Waxing, Reiki Healing,
Massage, Beauty-Hair products.

Exceptional customer service, unique and on-trend styling techniques, personalized experiences,
a welcoming atmosphere, and distinctive decoration design.With strategic marketing initiatives and additional staffing, there is significant potential to boost revenue.

Great lease of 5 years, with the option to extend for another 5 years. Also has the option to sublease some space and chairs to other beauty professionals. The rent includes everything except electricity. It also includes 10 free parking spots which is so precious in Miami Beach!

Priced for a quick sale while ensuring a fair deal for all parties involved, this is an exceptional opportunity for many types of buyers. The current owners will help the new owner with a smooth transition. They want the business to keep thriving. Seller financing is available to qualified buyers. This business may also qualify for E2 visas.
Owner is motivated. Bring your best offer and we'll make it happen!


DETAILED INFORMATION
Location
Miami Beach, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
10/05/2027
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Years at Current Location: 20+ Building Type: Standalone Building, 2nd level, Main Street Square Feet: 1500sqft Special Zoning Requirements: No Type of Lease: Triple Net Monthly Lease Payment: $6,520 Lease Expiration and Options: Lease expiration date 5/10/2027, 5years + 5 option, Option to Sublease. Option to Purchase: No Suitability of Current Location: Prime Corner Location: Full second level with separate entrance and parking. Excellent visibility in a residential and mixed-use area, boasting a Walk Score of 96 out of 100.
Competition
This salon has been in this desirable, current location in Miami Beach since 2003. Current owner, non-operator, purchased, remodeled and relaunched the services in early 2022. Exceptional customer service, unique and on-trend styling techniques, personalized experiences, a welcoming atmosphere, and distinctive decoration design.
Growth & Expansion
The digital assets of the business as the new website, word-of-mouth reputation , social medias, and prime corner visibility from the main Rd are very valuable to maintain the repeat customers and continue to attract new clients to the salon. The business is currently operating at a 40% capacity. With advertising and adding personnel the business can generate additional revenue.
Financing
Seller financing is available up to 50K only to qualified buyer, at seller's discreti
Support & Training
The current owner will assist in ensuring a smooth transition to new ownership, aiming to sustain the business's success. Currently, the owner manages front desk duties. The new owner will either need to oversee these tasks themselves or, if preferring an absentee role, hiring a front desk employee would be a viable solution
Reason for Selling
Health issues- needs to relocate
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Raquel
Afriat
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Raquel Afriat