MergerPlace

Full Service Beauty Salon

Washington (Clark)


  • Asking Price: $250,000
  • Gross Income: $671,799
  • Cash Flow: $91,456
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $100,000
  • Listing ID: #213592
  • Established: 2007
  • Employees: 8 FT / 1 PT

Business Description

This is an opportunity to purchase a busy, high-end, full-service salon and beauty spa. This popular business has been servicing Southwestern Washington residents for over 12 years. They provide all the latest trends in personal services and advanced esthetics such as lash lifts, lash extensions, micro-blading, peels, facials, waxing, threading, nails and massage using an exclusive, environmentally responsible, high-end and high-demand product line. The location is beautifully designed to be warm and inviting and to make clients feel incredibly comfortable. This business is located in a popular and highly trafficked strip mall adjacent to a very affluent suburban neighborhood.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Washington
County: Clark

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 8 FT / 1 PT

Financial Information

Asking Price: $250,000
Gross Revenue: $671,799
Cash Flow: $91,456
FF&E: $100,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

This beautifully appointed and decorated location has a “zen-like” atmosphere with soothing colors and high ceilings to enhance the spa experience. The dramatic entrance appeals to high-end clientele. Located on a well-traveled street in a major grocery anchor community shopping center, the business has plenty of convenient free parking. The 2600 sq ft space is divided into two areas: one side are 6 beautifully appointed salon stations. On the other side are 7 available rooms: one massage/treatment room, one facial/treatment room, one wax room/treatment room, one office space, one laundry/supply room, 2 additional storage rooms that could be utilized for additional services. Along with 2 pedicure stations and one manicure station. The lease rate is: $6,084 month to month with option to renew. The landlord is amenable to a new lease arrangement. Landlord likes having the spa/salon here and is open to a new lease with a new owner.

Growth & expansion opportunities:

Due to the growing population in the city, the potential for growth is huge. Also, salons stand to capitalize greatly by investing in social media marketing. The salon industry lends itself greatly to visual content, which is the most shared medium on social networks. Before and after photos and videos demonstrating techniques are great ways to draw in new customers and get your current clientele familiar with your services.

Competition:

There are two beauty salon and spa businesses located within one mile of this business, however, the professional product line this business uses sets them apart from their competition. Global spas and beauty salons market was valued at around USD 128.59 billion in 2017 and is expected to reach approximately USD 190.81 billion in 2024, growing at a CAGR of slightly above 5.80% between 2018 and 2024. Consumers are in search of places offering wellness solutions and services which can relieve stress from their busy lifestyle. The rising demand for healthy and standard lifestyles is one of the important factors fueling the growth of the market. The increasing disposable income, growing focus towards personal appearance, and availability and use of advanced techniques in spa technology are expected to boost the growth of global spas and beauty salons market. The growing suburban neighborhood this business is located has higher than average disposable income.

Reason for selling:

Life is taking owners in a different direction.

Support & Training:

Will train for 2 weeks @ no cost The major revenues are from the full-service hair salon offering the latest cut and color trends using a high-end and high-demand, environmentally responsible product line for hair color products as well as skin care. Clients receiving spa services enjoy a complimentary make-up refresh before leaving to complete the spa experience.

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:

Claudia Smith

Murphy Business Brokers