Exceptional Hair Salon in Coral Gables

Coral Gables, FL (Miami-Dade County)

hair salon
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Asking Price: Get Financing: $380,000

Cash Flow: $187,958

Gross Revenue: $526,365

EBITDA: N/A

FF&E: $90,000

Inventory: $10,000

Established: 2010

Exceptional Hair Salon in Coral Gables

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Business Description

Established and well-known Hair Salon located in the same place for over 8 years. The owner has a hair salon in Paris and purchased this salon as an extension to the Paris salon. The employees are highly trained which makes them sought after by affluent clients that include local and professional clientele. The customer base has many repeat customers. The salon has 10 workstations for stylists, 3 for pedicures, 4 for manicures, 3 for Hair Washers, and 2 rooms for massage or facial therapy with plenty of space to grow!

Detailed Information

Inventory:
Included in asking price
Employees:
12 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Salon is in an excellent location in the heart of Coral Gables, FL. It has been on this location for over 8 years. The space is 2,200 square feet. The lease contract is until 2019 with an option to renew for 3 years. The monthly rent is $6,000.
Competition:
Target customers are high-end clients looking for the most recent trends in style and products who expect high quality work and excellent customer service. Promotion is done mainly through its own clients who are mostly repeats. The clients are accustomed to paying special attention to their appearance due to professional needs. The Salon is active in social media through Facebook and Instagram accounts.
Growth & Expansion:
The salon is only using part of the facility, so there is room to grow by adding new staff members. Also, Coral Gables is an area of great demographic growth both its residents and professionals.
Support & Training:
The owner will train buyer for 2 weeks at no cost.
Reason for Selling:
Family Issues
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Capital Business Solutions

Business Listed By:
Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The New York Association of Business Brokers (NYABB).

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