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Listing Number: 3883
Profitable Coral Gables Salon Poised for Growth!
Established in 2010, this full-service hair salon in Coral Gables combines French elegance with American convenience. Located in a high-visibility, high-traffic area, it has fully returned to pre-pandemic revenue levels. The salon features 10 stylist stations, 3 pedicure chairs, 4 manicure stations, 3 hair washing stations, and 2 private treatment rooms. A skilled team of stylists, manicurists, massage therapists, and estheticians serves a loyal customer base.
The current owner does not work as a stylist but manages operations, making this an ideal acquisition for experienced salon owners and those without a stylist background. With a strong reputation and significant growth potential, this turnkey business is a prime opportunity for anyone looking to enter or expand in the beauty industry.
Don’t miss the chance to own a well-established salon in a prime Coral Gables location.
- Category: Beauty Salons, Barber Shops
- Asking Price: $350,000
- Gross Sales: $444,949
- Cash Flow: $131,993
- County: Miami-Dade
- Area: 2200
- FFE: $ 184,998
- Inventory: $5,000
- Real Estate: $0
- Employees: 2 - Full-Time 7 - Part-Time
- Facilities: The salon is centrally located in Coral Gables. Has 10 stylist workstations, 4 manicure chairs, 3 pedicure chairs, 3 hair washing stations, 2 private rooms for massages, an office/stockroom, a personnel lounge area, a washer and dryer, sound equipment, and TVs. The monthly rent is $7,632. The lease is set to expire in December 2024 but has an option to renew for three more years.
- Relocatable? No
- Home Based? No
- Market Notes: Turnkey operation with experienced, stable staff and a loyal clientele. Located in an area with a high concentration of affluent residents and businesses. The salon offers a wide range of services, including haircuts, styling, coloring, manicures, pedicures, massages, and laser therapy. It attracts affluent clients seeking the latest trends in a luxurious setting. The business employs a multi-channel marketing approach, leveraging a website, Instagram, Facebook, and word-of-mouth referrals. Growth potential through service expansion, software optimization, and enhanced digital marketing.
- Growth Notes: Situated in Coral Gables, Florida, a city with a population exceeding 48,000 and a median household income of $118,203, the area boasts a predominantly female demographic, offering a robust customer base. The salon's strategic location near Pinecrest, Key Biscayne, and Brickell, which collectively house over 114,000 residents with a median income surpassing $150,000, further amplifies its potential. This demographic landscape opens up big opportunities for business growth.
- Support Training: The seller will train for two weeks at no cost to help with a smooth transition.
- Year Established: 2010
- Financing Terms: $25,000 for 12 month @ 8%
- Reason for Selling: Seller retiring from beauty industry to pursue other ventures.
- Inventory Included: Yes
- Is Franchise No
- Lender Prequalified No
- Absentee Owner No
- Selling Financing? Yes
- Is FEE Included? Yes