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Businesses For Sale   >>   Beauty Salons and Barber Shops Businesses For Sale

Deluxe Salon For Sale

Location  Florida,United States
Asking Price Range  < $250K
Gross Revenues  $409516
Net Profit / Cash Flow  $55418
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2000
Number of Employees  4 - 5
Inventory  50000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  two weeks
Reason for Sale  retirement

Description  
This high-end unisex salon is located in a publix-anchored plaza surrounded by affluent neighborhoods and a dense commercial area in Palm Beach County. Original owners are retiring. Salon is 1400 sq ft and has a long term lease at $3,000/month. Tax returns show gross sales of $409,515 and net income of $55,418 (not including the owner's income from working as a stylist). Lavishly decorated interior and waiting room, nine hair stations, pedicure station, three shampoo bowls, separate exam room for manicure, washer/dryer, two bathrooms, and kitchen. Salon employs nine stylists (who get 60/40 commission split), three shampoo girls (who get paid a daily wage plus tips), and a nail tech (70/30). Owner also active as a stylist, and wants to take life easier, but would potentially stay and work for the new owner on a 60-40 basis to effectuate a smooth transition. Salon has done tremendous amount of advertising in local communities and built up very strong following. Most stylists have been with the salon for at least three years. Recent build-out and renovation of $50K to interior of salon. Asking price of $99K with $75K down. Please contact Martin Berliant at 561-827-1181 or email for more information.


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