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- RE: Highly Rated Hair Salon/Spa-Great Growth Potential
- Contact: Darrel Damhof
Quick Facts
Asking Price: | $285,000 | |
Annual Revenue: | $752,746 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $135,376 | |
Total Debt: | Not Disclosed | |
FF&E: | $45,627 | |
Real Estate: | Not Disclosed | |
Year Established: | 1984 | |
Employees: | 10 | |
BBN Listing #: | 981918 | |
Broker Reference #: | 5101-18672 |
Business Overview:
This is a highly Google rated full service salon and spa provides hair care, nail care, skin care, and massages. It has great opportunity to grow as there is plenty of physical room to add additional stylists at the location in addition to continued local population growth with higher household incomes. In addition to the 14 stylist stations, the 5 shampoo chairs, and the 4 dryer chairs, there are massage tables & chairs, pedicure chairs, and all the other equipment and facilities that can provide quality salon & spa experience to their clients. These personal services are offered in an attractive setting that was remodeled just a few years ago.
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Property Features and Assets:
For over 4 decades, this salon & spa has been located in a convenient well maintained strip mall. The 2,613 square feet of leased space was attractively remodeled several years ago and has a very inviting look for their clients.
Assets = $130,279
Market Competition and Expansion:
Obviously, there are other salons / spas in the greater Twin Cities area, but this business has an over 4 decade history at if's existing location and an outstanding reputation and high Google reviews.
There is an excellent opportunity to grow as there is room to more than double the number of hair stylists. With it's outstanding reputation, additional stylists will be able to handle the new clients who wish to come into the salon and spa today. The salon & spa is located in an area that has continued residential growth with higher household incomes.
Reason for Selling:
The owner wishes to start the process toward retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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