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Cash Flowing Upscale Salon & Spa in South Florida
The service area for this business is geographically dense and growing. The business has been a staple in the community for decades. Located in beautiful South Florida, the company shows strong sales and profit growth trends. This is due to local, repeat business, successful marketing bringing in a constant flow of new clients, and efficient systems implemented by the current owner. This business presents a unique opportunity to acquire a long-established upscale salon specializing in a high-quality experience catering to a diverse customer base. The company operates as a full-service salon & spa, offering cuts, coloring, extensions, hair treatments, facial and nail care services, retail products, and more. The company’s stylists are highly experienced, and customers are matched with a stylist based on their needs. The unique combination of high-quality results, a luxurious experience, and a family-like atmosphere keeps customers coming back.
According to industry data, sales for the US hair care services industry are forecast to grow at a 9.62% compounded annual rate from 2023 to 2027, faster than the growth of the overall economy. This consumer demand, combined with significant growth in the service area, positions this business for continued success for years to come.
With a dedicated and experienced staff, the new owner can anticipate working on the business rather than in the business.
Listed By: Omar Kettani
According to industry data, sales for the US hair care services industry are forecast to grow at a 9.62% compounded annual rate from 2023 to 2027, faster than the growth of the overall economy. This consumer demand, combined with significant growth in the service area, positions this business for continued success for years to come.
With a dedicated and experienced staff, the new owner can anticipate working on the business rather than in the business.
Ad#:2194260
Listed By: Omar Kettani
Background information
Reference:
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Year established:
N/A
Reason selling:
Owner wants to focus on other entrepreneurial ventures.
Finance
Sales:
$5,400,046
EBITDA:
$1,108,024
Operations
Employees:
39
Equipment:
Included in asking price $133,460
Inventory:
Included in asking price
Premises
Facility:
The business location is highly visible in a busy high-traffic (both foot and car) shopping district. There is ample parking and easy access for customers. The interior facilities are both luxurious and welcoming. All fixtures and equipment convey.
Rent and lease terms:
N/A
Opportunities
Growth:
There are opportunities for growth through service and product line extensions (including hair replacement services and additional retail product lines). Other growth options include the addition of an international award-winning stylist in 2024.
Price and terms
Price:
$3,200,000
Training:
The owner will provide training.