Established Upscale Salon - Ponte Vedra FL

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 30352403
Property Subtypes: Hair and Beauty
Building Size (RSF): 850 SF
Sale Price: $62,000
Year Business Established: 2004
Gross Revenue: $219,000 (Annual)
Cash Flow: $50,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: $62,000 includes FF&E ($17,950), retail supplies ($10,000). Cash at closing financing may be available from lending institutions, SBA or other.
Last Updated: 11/19/2018

Overview / Comments

Since 2004, the owner and staff are in the business of offering the highest possible professional hair care and service. The Salon is in an excellent location at the main intersection of Ponte Vedra Beach and Nocatee. It has been on this location for over 14 years. The salon also sells retail products, such as beauty hair products and accessories, which serves as an additional source of income, including the owner's own commission as an owner-operator. The salon has (FF&E) 2 reception desks, 1 reception chair, 5 waiting area seating, 1 coffee table, 4 styling stations, 4 stylist chairs, 4 stylists mats, 4 stylists mirrors, 3 dryer chairs, 3 shampoo bowls/cabinets, 1 computer, 5 product shelves, break room, 1 fridge, 1 break table, 1 microwave, 1 safe, 1 washer, 1 dryer, 1 Alexa radio, 1 wax machine, and 1 cart, assorted capes, smocks, towels, and cutting capes.

Additional Details

Industry Segment: Beauty Salons and Barber Shops
Reason for Selling: The owner would like to stay on as stylist, owner may need to relocate
Value of Inventory Included ($): $10,000
Value of Furniture, Fixtures, and Equipment ($): $17,950
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Space is approx. 850 square feet. The lease contract is until 8/2019 with an option to renewal. The monthly rent is $1950.
Mgmt/Training Support Description: The current owner is committed to a smooth transition and will train the new owner in the overall workings of the business while staying on as a team member. With the current owner and two other stylists that all have a client base the Salon is set to continue success and growing the business.
Competition/Market Description: To say that the current customer base represents a lucrative opportunity for a new owner willing to invest in a targeted marketing campaign would be an understatement, to say the least. This bright, modern and welcoming salon is truly eye-catching. Absolutely ideal location with growing population. This unique salon offers multiple options for fabulous growth potential such as new motivated stylist/owner, increasing the number of stylists, and marketing the business more aggressively. If you are searching for the ultimate salon, look no further. This is a must-see for a working stylist with an existing client base or someone who has a flair for marketing and management and wants to take the salon to the next level. The current owner is committed to a smooth transition and will train the new owner in the overall workings of the business while staying on as a team member. With the current owner and two other stylists that all have a client base the Salon is set to continue success and growing the business. Bring your energy and ideas. This phenomenal salon won’t last long
Growth/Expansion Opportunities: add more stylists, add additional stylist chairs, other services
Seller Financing Description: $62,000 includes FF&E ($17,950), retail supplies ($10,000). Cash at closing financing may be available from lending institutions, SBA or other.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282

Contact

Photograph of Listing Agent

A. John Richwine CCIM

MarketPoint Advisors CPXNF Member
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