Profitable High-End Salon

Miami Beach, FL (Miami-Dade County)

Profitable High-End Salon
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Asking Price: $395,000

Cash Flow: $121,000

Gross Revenue: $749,000

EBITDA: N/A

FF&E: $29,000

Inventory: N/A

Rent: $7,200 /Month

Established: 2009

Profitable High-End Salon

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Business Description

The hair salon started in 2009 and has operated at the same location for over 10 years. This has allowed the business to cultivate a loyal and local high-end clientele. The salon has ranked among the best in Florida by Allure and Elle magazine.The team is composed of highly skilled and professional hair stylist with a minimum of 10 years of experience.
The quality and level of service is superior and it has allowed the business to grow by providing personalized packages.

Detailed Information

Location:
Miami Beach, FL
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
10/31/2022
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
While there are other hair salons in the area, it would be difficult to find one with the same level of quality,reputation and high performing team as this business.
Growth & Expansion:
The salon has grown by word of mouth and by being ranked among the best in Florida by high fashion magazines. The owner spends a negligible amount in advertising. Therefore, the potential to grow sales and gain new customers through investing in advertising is a reasonable strategy.
Support & Training:
The Seller will provide transition training for up to four weeks at no additional charge. Any additional assistance is subject to a mutually agreeable consulting agreement.
Reason for Selling:
Open a new salon overseas.
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Francesco Facilla

Business Listed By:
Francesco Facilla

Aberdeen International Group

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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.

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