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Fairfax City County, Virginia
Asking Price
$50,000
Revenue
Call/Email
Down
$50,000
Cash Flow
Call/Email
Name: Guillermo Birmingham
Name
Guillermo Birmingham
FE&E:
$40,000
Reason for sale:
Other
Lease Expiration:
12/31/1969
Lease Options:
$3,050
Listing Number:
9525-626606
Sales:
$80,000
Seller's Discretionary Earnings:
$50,000
Inventory:
$5,000
Posting ID:
ID tw:85182 / Listing Number 9525-626606
Business Category:
Beauty/Personal Care
Keywords:
Transworld
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New to the South Florida market is this contemporary full service salon in a thriving professional demographic community. Professionally designed and recently updated, this almost 2,800 SF bright and airy salon features a wrap-around window design and occupies the premier position in this Class A. retail plaza which features well known high end restaurants, shoppes and boutiques. The salon offers a comprehensive suite of services which include: Cut and Color Services Full Nail and Pedicure Menu Facial, Skin Treatment & Microdermabrasion Hair Extension Services Laser Treatments and Laser Hair Removal Permanent Makeup Waxing Skin Care Brow Bar-Threading Microblading Head-Spa Skin Care All staff is either on salary, straight commission or rental. See offering memorandum for full breakdown of all rooms and chairs. Very low turnover of staff. Excellent Tax Return records, no “owner to prove cash in the business”. State of the industry software runs the entire operation. Should work well for E2 Visa. Landlord will require related professional experience when considering lease assignment. Seller will fully train and transition and states this salon is turn key and needs nothing from day one after the new owner acquires this business. All interested parties must provide NDA, proof of purchase funds and BIO/CV showing industry experience. Seller is retiring from the salon industry management. There are several areas a Buyer could focus on to increase the revenue of Salon Edge. First, increase the retail product offerings of the salon. Customers have always responded well to the various hair, skin, nail, beauty and even fashion related products the salon has offered (all at extremely high margins). There are two rooms that are available for rent (one- the owner's current office-therapy room and two- Violeta's office). The adjustment to rent these 2 rooms out after the sale has been made in the financials for each at $1,500 /month per room which is below local market rate. However, it is worth noting that many salon owners might opt to offer licensed services in those room(s) for example, massage or esthetician services and work with the therapist on a commission split basis agreement. A typical agreement might be 50/50 which means that a therapist who is moderately successful and generates $70,000 a year in gross revenues would produce $35,000 to the salon (X two rooms) totaling an additional $70,000 to the bottom line. https://tworld.com/locations/FL/fortlauderdale/listings/Contemporary-Full-Service-Salon-in-Great-Location-

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