MergerPlace

Upscale Beauty Salon & Day Spa

Frederick, Maryland (Frederick)


  • Asking Price: $80,000
  • Gross Income: $1,234,953
  • Cash Flow: $59,283
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $50,000
  • Listing ID: #213424
  • Established: 2004
  • Employees: 34

Business Description

Fantastic opportunity to own an upscale salon & spa that has it ALL! It's situated in a great location with a high level of foot traffic. There is a robust existing customer base with stylists in place. Clients enjoy the modern facility in a clean and well-kept environment as well as a quiet day spa lounge while awaiting services. There is ample parking on site as well. The owners are retiring and considering all offers. Seller financing is available to qualified buyers.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Maryland
Metropolitan Area: Frederick
County: Frederick

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 34

Financial Information

Asking Price: $80,000
Gross Revenue: $1,234,953
Cash Flow: $59,283
FF&E: $50,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

The salon is located within one of the busiest, upscale shopping centers in Frederick, MD with heavy foot traffic. Base rent is $15,528.43/month with additional $6,302.61 for taxes, insurance, and CAM. The lease expires in June of 2019 with an option to renew. Breakdown of salon stations: Style Stations: 18 Shampoo Bowls: 6 Dryers/Hair Processors: 2 Nail Stations: 6 (room for 2 more, totaling 8) Pedicure Stations: 8 Private Rooms for Massage & Spa Services: 6

Growth & expansion opportunities:

There is opportunity for additional revenue by increasing hours of operation on Sunday and Monday, as well as add more nail stations and filling up the remaining styling stations with stylists. There is also the potential to relocate to a new location to save on rent overhead.

Competition:

There is standard competition for the industry and market, but not with the ambiance offered at this upscale salon and day spa. The current lease contains an Exclusivity Clause for Hair Salon & Day Spa as well.

Reason for selling:

Owner is retiring.

Support & Training:

Owner will offer necessary training and support.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Jody Bell

Horizon Business Brokers, LLC