Hair and nail care business in Florida, 23 employees | ROI 27%

Beauty salon that is engaged in hair and nail care of every girl and woman is now for sale. This business also has an additional income from the sale of professional cosmetics lines that cannot be found at the sales market. The business has been existing for 26 years, during all this time it is being run by one owner only.High indicators of annually stable profit show that there are established working processes of sale and provision of services. The owner of this beauty salon takes care of general management issues. This takes about 30 hours a week.

Terms of offering 

The business is sold for $1,600,000, the price includes tangible assets worth $536,905 (equipment, furniture, inventory balances, etc.). The buyer must have all the declared amount of money on their accounts, otherwise, the transaction is not possible. The seller does not accept any loans and installments.

Once the transaction is successfully completed, the previous owner is ready to assist the buyer in management of business workflows for 8 weeks. This period is enough for the new head of the beauty salon to fully understand all working processes.

Financial indicators

	2017	2016
Revenue	$3,582,427	$4,275,679
Profit	$439,127	$524,882

ROI: 27%

Financial performance of this business is getting better and better. The highest results throughout the whole period of existence confirm this. These indicators ensure that the investment in a beauty salon will be a great start of your successful future.

Company management

The company will not be affected by the change of ownership once the transaction is completed. Two professionally trained managers who have extensive experience of working in the company will take care of all working issues. Managers control more than 20 people of staff.

Main assets

This business rents a room with a total area of 8,800 square feet (800 square meters) monthly. Rental fee is only 4% of business revenue, which is a very low rate compared with the average one in Florida. 

The previous owner invested $146,212 in the equipment and renovation of the premises.

Current assets

$450,000 of inventory is transferred along with the business. This will be enough for the company to work for more than two months.

Immigration opportunity

This business can help to obtain the status of a US permanent resident (green card). It is necessary to consult your immigration lawyer at all times in addition to a completed transaction. This person plays an important role in your successfully obtaining a green card.

Market description and growth prospects

Beauty salon is the most profitable investment. Any girl or woman cherishes her hair and nails, and they try to care for them professionally.

Highly skilled workers who provide the highest level of services, daily attract more and more regular customers, and this fact positively affects the profit.

A great feature of this business is a large number of opportunities that can be further developed by the future owner and, therefore, increase the company's profits.

Next step

The offer, made by Florida Buy and Sell Business Brokers, is confidential. It is important to fulfill several conditions:

1. Sign a confidentiality agreement.
2. Provide information on the presence of the full sum of money on your accounts.