Established Full Service Salon and Spa Location: Montgomery County, Pennsylvania Primary Category: Services - Beauty & Barber Shops Secondary Category: Services - Other Personal Services Date Listed: 10/15/7 Financial Information Asking: $109,777 Gross: $448,225 Cash Flow: $41,000 Furniture, Fixtures & Equipment: $25,000 Inventory: $19,000 (included in price) Real Estate: Negotiable (not included in price) Summary Description Beautiful, established hair salon in a stand-alone building next to a heavily traveled road and neighboring a 6,000 member gym. The business has been in operation for approximately 23 years and has 6 stylists with over 100 years of combined experience, one of which has been with the business since its inception 23 years ago. The current owner has spent tens of thousands of dollars in new equipment, furniture and decor over the last two years. This is one of the most established salons in the area. The salon has 6 available stations, 3 stand behind shampoo bowls and chairs, 2 chair dryers, 2 wax tables, a massage table, make up stations, 2 pedicure stations and multiple manicure stations. Among its many attractive features are: a diversified revenue stream from spa services and retail sales; an experienced staff; an established customer base; and an astoundingly high level of customer retention. The majority of the business comes from doing what they do best, hair. Other services include: makeup, manicure, pedicure, highlight, color, waxing, facials and massage therapy. A new owner can make this business more profitable by working full time obviating the need to pay a manager's salary, by providing additional services such as tanning, by increasing the spa side of the business, by continuing the recently added marketing programs and by opening on Mondays and Sundays. This is a turnkey operation for a buyer looking to purchase a well-established full-service beauty salon. General Information Facilities: This is one of the most established salons in the area. It is in a 2500sq/ft stand-alone building with ample parking. It neighbors a 6,000 member gym and is along a busy road. The salon and spa have 6 available stations, 3 stand behind shampoo bowls and chairs, 2 chair dryers, 2 wax tables, a massage table, make up stations, 2 pedicure stations and multiple manicure stations. The owner has spent tens of thousands of dollars in new equipment and decor. There are 3 years left on the lease at $4,500. Competition: The current owner has owned the business for almost 2 years and has steadily increased the profit of the business. The current owner is part time as other business interest keeps her from running this salon to its full potential. A full time owner could increase the profitability of this business even more. Growth and Expansion: Adding tanning services would make this business more profitable. A full time owner would obviate the need to pay the manager's salary making the business more profitable. Opening on Monday and Sunday would also make the business more profitable. Support/Training: 2 Weeks Reason Selling: Other Business Interest Year Established: 1984 Employees: 4 ft, 8pt Contact Information Contact: Doug Whalen Phone: 610-551-9733 Email: dougw@esqbb.com Close this window |