Latino style Hair Salon Ideal absentee owner as seller will stay !.

Orlando, FL (Orange County)

Latino style Hair Salon Ideal absentee owner as seller will stay !.
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Asking Price: $40,000

Cash Flow: $60,000

Gross Revenue: $100,000

EBITDA: N/A

FF&E: $30,000

Inventory: $500

Rent: $11.30 /Month

Established: 2000

Latino style Hair Salon Ideal absentee owner as seller will stay !.

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Business Description

Busy hair salon located just off East Downtown Orlando with Eight stations that has predominantly ethnic customers. Located in a strip center facing highway 50 (Colonial Drive) with a rent of $1,500.00 per month total including all pass through charges. Salon just cuts or colors, blow drys and offers a complete service when it comes to hair, but nothing else, just hair. Seller will stay under contract on a chair rental or as a commission 1099 person.The store is ready to go and does not need a make over yet. Seller is very motivated and will look at all offers ?.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
3/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1600 Square feet with 8 stations. Two employees on commission and the seller who will stay. Rent is very reasonable and with a good lease that is under market. Leasehold improvements and fixtures and fittings are about $25,000. Parking right outside of the door which makes it easy for clients to use the salon. This is a good mixed client base of young and old customers that do not like to shop around too much and come because of habit, price, and convenience of access, as well as they, get used to the stylist that knows just how and what they require.
Competition:
The clients that this saloon caters to are very loyal and just come and keep coming. It has a very low overhead and gives the two partners a good living but only one partner works in the salon and cuts hair so this makes things a little lop sided !.
Growth & Expansion:
The salon has lots of room to grow and positions for more hairdressers and the clients are around as this salon caters for Latinos and is a great walk in the salon that does no advertising or promotion of any kind it is just word of mouth as well as the regulars that have been coming for years.
Financing:
No financing is offered
Support & Training:
All staff will stay and seller will go on contract to stay for a long period of time if the business is purchased by an investor or non-hair cutting person. The store has a great walk-in trade and is located very well and close to lots of multiple clothing stores and large chain shopping centers that bring in shoppers that are working downtown and live in the area. The salon is surrounded by single-family residences and close to all of the trendy homes that make up the City Beautiful.
Reason for Selling:
Seller has a partner & would like to get out from under a deal that is onesided.
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John Price

Business Listed By:
John Price

John Price Broker & Associates

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