Salon & Spa for sale With High Revenues & Medical Spa Upside For Sale

Business description

$2.2M revenues. Founded in 1993 by its current owner and president, this business is the premiere full-service day spa and hair salon in its market area. With great street visablility in an exclusive shopping district, additional space available for lease, and a well-heeled loyal clientele, this is the perfect traditional services spa/salon to expand into the growing medical spa arena. The spa's exceptional staff and extraordinary customer service have created a loyal, well-heeled customer base that has spent in excess of $2.2 million per year at the spa for each of the last four years. Revenues are well diversified, with about 45% generated from salon services, 40% from spa and package sales and 15% from retail product sales. The spa is a leading re-seller of a nationally recogized retail product line, but has also recently introduced its own line of branded retail products. The spa storefront leasehold is favorably located in a vibrant shopping district of an upscale community very near to Washington, D.C. The fact that the company is extremely well orgainized - with working departmental "team leaders" reporting to a manager who reports to the owner - has allowed the owner to take time off for extended overseas vacations. The company's reputation is not confined to its customer base the spa has earned numerous industry awards including Salon Today's Top 200 Salon Spas and is routinely profiled and listed as a top spa in national, regional and industry magazines. A company with this reputation and recognition represents a truly unique opportunity for a new owner to expand and grow into the future.

Property information

Real Estate:

Lease

Lease terms:

The spa/salon is located in a 2,200 s/f facility. The corporate office is located in a 443 s/f office located nearby.

Other information

Expansion potential:

Endless possibilities to expand into a wellness center or medical spa (additional space for this is available), franchising, opening more locations, expanding the branded product line and increasing marketing efforts.

Competition / Market:

As the first day spa in the area and the best-known spa in its market, this company has little competition.

Support & training:

Seller will stay on for a transitional period to help train and familiarize the new owner with all aspects of the business.

Reasons for selling:

Seller is retiring.

Financing available:

Financing is available for qualifed buyers.

Contact the seller