Well Established Hair Salon Since 2007

Miami-Dade County, FL

Seller Financing Available

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Asking Price:$136,000
Gross Revenue:$514,209
FF&E:$30,000
Cash Flow:$53,211
Inventory:$300
Established Year:2007
BUSINESS DESCRIPTION

Coveted High-End Hair Salon for Sale, located in the Key Biscayne area: Established in 2007, this upscale salon boasts a stellar reputation and a devoted clientele base, setting the stage for a lucrative investment. Offering a comprehensive range of services including hair care, nail treatments, and cosmetology, this salon stands out for its distinguished team of renowned stylists. With 10 stations, including 5 for hair, 3 for nails, and 3 underused dedicated cosmetology rooms, there's abundant potential for growth. Stable staff with average 8 years. Currently owner-absentee, an operating owner can steer this business toward even greater success. Don't miss this opportunity to own a premium salon in a prime location, primed for expansion and heightened profitability. Good for an E-2 visa. 2024 is up 15% compared to 2023.


DETAILED INFORMATION
Location
Miami-Dade County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,044
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The space is 1,044 sq ft. Rent is $9,941. The lease is currently month to month. Opportunity to negotiate a long lease with landlord at better terms.
Competition
This salon is one of the oldest and best known in the area, it has a great tradition and location.
Growth & Expansion
The current owner is absentee, an operating owner can increase sales through his presence. A marketing effort will bring more clients. There are 3 underused rooms in the second floor that can add additional revenue to the business.
Financing
$96K down/$40K over 24 mos. @ 6%.
Support & Training
Will train for 1 week @ $0 cost.
Reason for Selling
Seller purchased the business for visa purposes.
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Andy
Fischer
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Andy Fischer