Reputable Spa And Hair Salon In Toronto For Sale

Business description

This established business has provided for over 15 years a complete line of day spa services including facials, massages, waxing, pedicures & manicures, electrolysis, reflexology as well as a full hair salon. It serves female and male clients who reside in North Toronto or work in nearby offices, and is known for its high quality service and relaxing, pampering atmosphere. The spa has therefore developed a very loyal customer base and a high Word of Mouth referral rate. The company has 20 employees and 7 sub-contractors, consisting of aestheticians, hair stylists, massage therapists and a nail specialist, as well as managers and administrative staff. Despite the recession and increasing competition, sales have been constant over the last few years, which results in a robust financial performance.

Due to its brand reputation and longevity in the business, the company benefits from a fast growing industry that is motivated by constantly innovating spa technology and consumer interest in beauty, health & “me-time”, providing ample opportunity for growth. The ideal buyer would be someone with previous experience or strong interest in the beauty spa or hair salon industry, and who wants to become independent by taking over a well-established business with a brand reputation and a large client base.

Fixtures, Furniture & Equipment are a fair market value estimate as provided by the owner. Estimated Cash Flow includes owner’s remuneration as reported in personal tax returns.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Retirement

Employees:

14 F/T, 6 P/T, 7 contractors

Years established:

16

Other information

Support & training:

Training will be provided by the seller as required

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$42,500 (included in the asking price)

Relocatable:

This business can be relocated.