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Full Service Salon In San Pedro Town For Sale

Belize
Asking Price:
$98,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$72,000 (USD)
Cash Flow:
$40,000 (USD)

A full service salon located on the Caribbean island of Ambergris Caye, Belize. This long standing business has been serving the community, both expats, Belizeans along with tourists and “winter snowbirds” for many years.

Successful with a regular clientele, this is one of only a few salons in town, and the only full service salon on the entire island. The salon features two stylists stations, a washing station, a hair drying chair station, separate room for massage services (this is a sublet area, providing additional income for the owner/operator) and a separate room with a brand new tanning bed.

Additionally there is a mani-pedi area with chairs (again, sublet for added income). Additionally, any or all stylist chairs can be rented out. There is a sizable sitting/waiting area that is attractively decorated, has retail sales shelving and displays and a coffee/water/wine station for customers to relax and enjoy.

Current owner is willing to stay on and rent as a stylist if desired by new owner.

Property Information

Real Estate:

Lease

Lease Terms:

Long term lease in place and is renewable. All specialty esthetician’s/therapist (nails, stylist, masseuse, acupuncturists, etc.) pay sub-let rents to offset the main rent of owner/operator

Leasehold Rent:

$8,400 (USD) per annum

Living Accommodation:

While there are no living accommodations actually included within the lease, there are two one bedroom apartments located on the ground floor of building, directly behind the salon for reasonable rents (same landlord). Additionally, there is a 3 bedroom, 2 bath apartment on the second floor with a large outdoor veranda (this occupies the entire second floor of the building). All apartment shave separate entrances with the business taking 100% of the road frontage and front half of the ground floor.

Location:

San Pedro Town, Ambergis Caye, Belize, Central America

Premises Details:

Located near town central, well known location as this business has been in operation for many years. First floor of a free standing building.

Size in square feet:
1000 - 1200

Business Operation

Expansion Potential:

New owner could add more stylist stations. Currently there are three with only one being operational full time and a second partially. Third chair is currently not rented out at all.

Competition / Market:

Limited competition. There are very few salons (everything much smaller) that are independent operators (one person salons, not full service)

Reasons for selling:

Owner/operator has had salons in two countries for many years, having sold a salon in North America and opening the salon here approx 6 years ago. Family commitments and preparing for retirement, the owner would like to work only a few days each week (current owner willing to stay in part time, approx. 2 days a week, renting a chair if allowed by new owners).

Trading hours:

10:00AM - 6:00PM / 5 days per week

Employees:
Owner/operator and one employee / up to 5 sublet Specialist each paying rent to owner
Years established:
6+

Other Information

Support & training:

Owner will stay on to train and help with transition for up to one month. Additionally, the owner would be willing to rent a stylist station if new owner approves, thus being on site for additional questions and transitioning.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Possible limited owner financing available if owner stays on as a stylist via a chair rental agreement.

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$2,500 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.