Coveted High-End Hair Salon for Sale, located in the Key Biscayne area: Established in 2007, this upscale salon boasts a stellar reputation and a devoted clientele base, setting the stage for a lucrative investment. Offering a comprehensive range of services including hair care, nail treatments, and cosmetology, this salon stands out for its distinguished team of renowned stylists. With 10 stations, including 5 for hair, 3 for nails, and 3 underused dedicated cosmetology rooms, there's abundant potential for growth. Stable staff with average 8 years. Currently owner-absentee, an operating owner can steer this business toward even greater success. Don't miss this opportunity to own a premium salon in a prime location, primed for expansion and heightened profitability. Good for an E-2 visa.
- Asking Price:
- $136,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $449,038
- Cash Flow:
- $38,686
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The space is 1,044 sq ft. Rent is $ 9,941. The lease expires on 04/30/2024 and there is one 5 year option to renew.
Business Operation
- Expansion Potential:
-
The current owner is absentee, an operating owner can increase sales through his presence. A marketing effort will bring more clients. There are 3 underused rooms in the second floor that can add additional revenue to the business.
- Competition / Market:
-
This salon is one of the oldest and best known in the area, it has a great tradition and location.
- Reasons for selling:
-
Seller purchased the business for visa purposes.
- Trading hours:
-
Tuesday-Saturday 10am-6pm
- Employees:
- 7 FT/2 PT
- Years established:
- 16
Other Information
- Support & training:
-
Will train for 1 week @ $0 cost.
- Furniture / Fixtures value:
- $30,000 - included in the asking price
- Inventory / Stock value:
- $300 - included in the asking price
