Profitable Hair Salon in North Palm Beach

Palm Beach County, FL

Profitable Hair Salon in North Palm Beach
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Asking Price: $149,950

Cash Flow: $124,605

Gross Revenue: $469,306

EBITDA: N/A

FF&E: $25,000

Inventory: $5,000

Established: 2004

Profitable Hair Salon in North Palm Beach

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Business Description

Profitable Hair Salon in North Palm Beach

Reason For Sale: No More Ownership Responsibility- Profitable Hair Salon in North Palm Beach- Great opportunity to enter the Salon industry in one of North Palm Beach finest upscale community. 2019 Sales (trending to $700k) & earnings (Trending to $125K+) are up but the owner is ready to step back & stay on as a stylist. Fully equipped with 11 stylists chairs & 7 stylists on staff. Rent is an affordable $4300/month (1250 sq ft) with a lease extending to 2031. Visa qualified with W2 employees and 1099 staff. Impeccable Books & Records. Priced well for an immediate sale! 2019 #'s Thru Sept at $469k.

Detailed Information

Location:
Palm Beach County, FL
Inventory:
Included in asking price
Employees:
4 FT/6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Shopping Center- Rent $4300 - Lease Expires 8/31/2021-Sq Ft 1210 -Two - 5 yr options.
Financing:
Lender pre-screened with $22,493 down.
Support & Training:
Will train for 2 weeks @ $0 cost. Administration skills or Hair stylist.
Reason for Selling:
No More Ownership Responsibility.
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Russell Cohen M&AMI,CBI,BCI,CM&AP,CM&AI-

Business Listed By:
Russell Cohen

Murphy Business & Financial Services LLC

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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 M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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