Very successful hair salon with a hybrid concept of chair rental and split commission. Located in the Fort Lauderdale area. Out of the 10 stations there are 3 rented ($360 per week) and 4 under commission agreement (50-50 split). Located in high end prime location, the business has great reputation, clientele is between 30-40 years old, beautiful design. The Buyer of the businesses will need to purchase the real estate. Average ticket is $150. Seller owns the building which has two premises, one is rented generating passive income. Great opportunity to build equity instead of paying rent with a successful business. The value of the building is $1,100,000.
- Asking Price:
- $1,300,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $304,162
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
Seller owns the building which consists of 2 premises of 1,240 sq ft each. The other premises is rented. Location is prime, a few yards away from A1A, there is plenty of parking. The buyer of the business will need to purchase the real estate.
Business Operation
- Expansion Potential:
-
Bringing more stylist to occupy the empty stations. In addition the buyer of the business will have an extra space to grow once the lease of the other space is due.
- Competition / Market:
-
This salon has 5 Star reviews on Google, has an excellent reputation, has a great working environment, the decoration is modern. There are others salons in the area but it has not been a challenge to this business.
- Reasons for selling:
-
Moving out of state.
- Trading hours:
-
Tuesday-Saturday 9am-7pm
- Employees:
- 4 FT/3 PT
- Years established:
- 9
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Furniture / Fixtures value:
- $15,000 - included in the asking price
- Inventory / Stock value:
- $20,000 - included in the asking price
