13 yrs+ hair and nail salon in busy plaza.

Margate, FL (Broward County)

13 yrs+ hair and nail salon in busy plaza.
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Asking Price: $138,000

Cash Flow: $80,000

Gross Revenue: $420,000

EBITDA: $76,000

FF&E: $13,000

Inventory: $5,000

Rent: $5,400 /Month

Established: 2006

13 yrs+ hair and nail salon in busy plaza.

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Business Description

13 yrs+ hair and nail salon in busy plaza.

10 yrs+years busy hair and nail salon open 5 days a week. Great location, in a busy shopping plaza. Big salon, 2250 sqft. It has 13 hair stations, 7 Medicare tables, 5 pedicure chairs, 3 shampoo station, 1 hair coloring room with 4 chairs, 1 waxing/ facial room. 1 employee room, 1 storage room, 2 bathrooms.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,250
Lease Expiration:
3/18/2021
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
9 hair stylists, 3 nail techs. (Home Based)
Competition:
In a busy big shopping plaza, easy to find, the same location open as a salon for more than 25 yrs, the current owner open for 13 years, many regular customers. Most employees have been working for more than 10 years.
Growth & Expansion:
Current business is open 5 days a week, the new owner can open more days. Get more advisements, the current owner is not paying for any ad, mostly regular customers and walk in.
Support & Training:
Yes, 2 weeks.
Reason for Selling:
Moving.
Home-Based:
This business is Home-Based
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Contact the Seller

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Manzi Liu

Business Listed By:
manzi liu

The K Company Realty

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