Highly Rated Hair Salon/Spa-Great Growth Potential
Minnesota
| Asking Price: | $285,000 |
| Gross Revenue: | $752,746 |
| FF&E: | $45,627 |
| Cash Flow: | $135,376 |
| Inventory: | $27,000 |
| Established Year: | 1984 |
Listing ID: 2310716Listing provided by BizBuySell
BUSINESS DESCRIPTION
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.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,613
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
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.
Growth & Expansion
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.
Support & Training
Will train for 2 weeks @$0 cost.
Reason for Selling
The owner wishes to start the process toward retirement.
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