Established Beauty Salon in High End Area

Pinecrest, FL (Miami-Dade County)

Established Beauty Salon in High End Area
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Asking Price: $100,000

Cash Flow: $99,000

Gross Revenue: $250,000

EBITDA: $45,000

FF&E: N/A

Inventory: N/A

Rent: $7,000 /Month

Established: 1980

Established Beauty Salon in High End Area

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Business Description

Established Profitable Beauty Salon in a high end area right on US 1

This your chance to own a profitable Beauty Salon which caters to one of Miami's most affluent areas. Located in a very busy and large shopping plaza with high visibility, plenty of parking and constant traffic.

The salon is Fully Equipped for Hair Care and all Beauty Services included but not limited to Manicures, Pedicures, Massages, Facials, Waxing, Organic Hair Treatments and more.

This is the perfect opportunity for a hair stylist looking to have their own turn key business. Owner can provide financials to serious buyers. The business is solidly producing profits with plenty of room for improvement.

Currently a 5 year lease with option to renew but landlord will offer flexible lease terms.

Detailed Information

Location:
Pinecrest, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
10
Facilities:
Currently 4 commissioned stylists, 1 rental chair stylist and 3 manicurists. Salon is fully equipped with 12 chair stations, 3 manicure stations, 3 pedicure stations, 3 hair dryers, 3 shampoo stations & chairs, 2 private rooms(for waxing, massages and facials), kitchenette, washer/dryer/ seating area, display cases, signage, 1 facial bed & complete ELTK facial machine, 1 wax bed & equipment, 2 flat panel TVs, receptionist desk, supply cabinetry, cameras & more
Competition:
Salon has been in business for 4 decades with only 3 owners. Solid base of repeat customers and walk in business. Very busy shopping plaza on Miami's heavily traveled US-1. Their local specialty is the organic hair treatments that help restore and beautify with products that do not ruin the hair. They have Groupon ads running for this that pull in amazing clientele.
Growth & Expansion:
Untapped potential to hire more beauticians and increase revenue & profits by 400 percent. Extend operating hours to service clients after they get out of work and open up on Sundays & Mondays. Opportunity to lease 1 spa room to a massage therapist. Add additional services such as Botox/ Juverderm treatments.
Support & Training:
The seller is willing to help the new owner with a smooth transition. All professional and licensed employees willing to stay.
Reason for Selling:
The owner moved to North Miami Beach and the daily commute is just too far!
Franchise:
This business is an established franchise
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Business Listed By:
Dania Diaz

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