Upscale and well known full-service Hair Salon

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

Lease Rate: $6,000 /Month

Established: 2010

Upscale and well known full-service Hair Salon

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Business Description

Upscale and full-service Hair Salon has been at the same fantastic location 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. This makes them sought after by affluent clients which include a 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
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
1/31/2020
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 2020 with an option to renew for 3 + 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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