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Listed by:

Capital Business Solutions

Extraordinary Beauty Salon In Coral Gables For Sale

Coral Gables, Florida
Asking Price:
$450,000 (USD) Furniture / Fixtures and Inventory / Stock included
Turnover:
$580,407 (USD)
Net Profit:
$170,164 (USD)

This upscale and well-known full-service Hair Salon has been at the same fantastic location in the heart of Coral Gables, since 2010. Has 10 workstations for stylists, 3 for pedicures, 4 for manicures, 3 for Hair Washers, and 2 private rooms for massage or facial therapy. Both, the current manager and the owner's daughter, are willing to stay with the buyer as managers of the salon. Because of family issues, the owner wants to sell.

Property Information

Real Estate:

Lease

Lease Terms:

Area: 2,200 SF
The lease contract is until December 2019 with an option to renew for 3 more years. Monthly rent is $6,300.

Location:

Has 10 workstations for stylists, 3 for pedicure, 4 for manicure, 3 for Hair Washers, and 2 private rooms for massage or facial therapy. The lease contract is until December 2019 with an option to renew for 3 more years. Monthly rent is $6,300

Size in square feet:
2,200

Business Operation

Expansion Potential:

Coral Gables is an area of considerable demographic growth. Also, there is an opportunity to grow by adding new staff members or using more intensively the installed facilities.

Competition / Market:

The following services are provided: Haircut & Style, Hair Treatments, Hair Color, Blow Dry, Shampoo & Conditioning, Manicure and Pedicure, Professional Makeup, and Massage Therapy. The Salon is active in social media through Facebook and Instagram Accounts. Also, promotion is done through its own clients which are mostly repeat clients

Reasons for selling:

personal reasons

Employees:
10
Years established:
2010

Other Information

Support & training:

The Sellers will provide training for two weeks at no cost to allow for the smooth and orderly transition of the business

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

SBA Pre-qualify. $50,000 down; $50,000 Seller's fininacing; $350,000 bank 10 years @ 8%

Furniture / Fixtures value:
$90,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

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