MergerPlace

Salon, Spa & Fitness Business

Maryland (Baltimore)


  • Asking Price: $63,000
  • Gross Income: $115,966
  • Cash Flow: $11,516
  • Real Estate: Not Disclosed
  • Inventory: $700
  • FF&E: $20,000
  • Listing ID: #205413
  • Established: 2011
  • Employees: 4 PT

Business Description

This is several businesses in one! They do everything under one roof. It has a fitness facility, a hair salon, provides massages, manicures, pedicures and tanning services. The operation is conducted with limited employees by renting out the stations to other stylist and massage therapist on a monthly basis or commission split arrangement. The current owner operates the business as an absentee owner. This is the perfect business for a stylist who wants to venture out on their own and keep 100% of what they earn. With a full-time owner focus, this business is poised to do extremely well.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Maryland
County: Baltimore

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 PT

Financial Information

Asking Price: $63,000
Gross Revenue: $115,966
Cash Flow: $11,516
FF&E: $20,000
Inventory: $700
Seller Financing Available: Yes

Property Information

Facilities:

This business is in a 5000 square foot building.

Growth & expansion opportunities:

A full-time owner-operator with salon experience would do extremely well. Conducting more social media advertising will help drive additional traffic to the store.

Competition:

There are other hair salons, fitness facilities and nail spas in the area; however, none of them perform all these services in one building.

Reason for selling:

Other Business Ventures.

Support & Training:

Will train for 4 weeks @ no cost. The current owner has never cut hair, performed massages or polished nails. The owner only concentrated on running the business and expanding services. To perform the actual services a new owner would need to have the required licenses in Maryland. The current licenses held by the owner are a Salon Owner License, a Sales Tax License and a Traders License.

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Business Listed By:

Justin Sandridge

Murphy Business Brokers