Boutique Salon For Sale
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $505821
Net Profit / Cash Flow $223587
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2007
Number of Employees 1 - 3
Inventory 60000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Two weeks
Reason for Sale Semi-retirement
Description Very high end, immaculately furnished, exclusive boutique salon for sale. Typical price is about $100 for a cut. Salon offers separate facial room, separate waxing room, 8 hair stations, one nail stations, and one pedicure station. 1800 sq ft and long term lease in place at current rent of $6400/month including CAM. Two working owners/partners are stylists and constitute bulk of business, but their clients can be slowly transferred to new ownership. Owners are semi-retiring but will stay long term and rent to new ownership and transfer clients. Salon also has facialist/waxing person who pays $2,000/m in rent, hair stylist who pays $1800/m in rent, and nail tech who works on commission. Owners spent over $160K on recent leasehold improvements and equipment. Last year's sales were $505K and owners' benefit of $223,576. Asking price of $119,900 with $70K down to qualified buyer. Stylist with following and/or the right skills and ambition could equal the current owners' income. Please contact Martin Berliant at 561-827-1181 or email for more information.
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