High End Salon Spa In Awesome Texas Location For Sale

Business description

This is a tremendous opportunity for an Investor or Stylist & Spa Operator to own/operate a high end salon spa with significant growth and income potential. Equipped with 2 Massage Beds, Facial Steamer, Microderm Machine and 6 Styling Stations, this Salon Spa has a complete set-up. The leasehold improvements, furniture and fixtures for a salon spa like this could easily cost $175,000.00. The Salon has exclusive rights to a private label product offering, and has an agreement for 10% royalty (negotiable) on revenue as part of the license arrangement. This salon can also be available as part of a 2 or 3 salon package purchase.

Property information

Real Estate:

Lease

Premises details:

2804 sq foot facility that has an elegant finish and is located in a super busy and high growth area; just across the street from a Kroger Super Store that just opened this summer. This facility has 50 months left on the lease.

Size in square feet:

2,804

Business Operation

Expansion potential:

The Salon was purchased in late December and has not been marketed nor fully staffed yet. With a full staff and strong marketing, it is believed this salon could easily generate $350,000.00 plus in annual revenues; up from its current level of approximately $155,000.00

Competition / Market:

The closest Salon Spa is approximately 4 miles away. There is another hair cutter (primarily male hair cutter within 3 miles); but this is not a direct competitor.

Reasons for selling:

Owner is having health problems and needs to retire

Trading hours:

Monday-Friday 10-6, Saturday 9-4, Closed Sundays

Employees:

FT:3

Years established:

1

Other information

Support & training:

4 Weeks / $0 Cost

Financing available:

Down Payment: $22,000. $110,000 x 60 @ 8%.

Furniture / Fixtures value:

$36,000 (included in the asking price)

Inventory / Stock value:

$1,600 (included in the asking price)