New Hampshire Business For Sale

Business Overview:

This business has been in existence since 1991 and caters to a loyal clientele, both local and out-of-town visitors. The current owner purchased the business in May, 2007 and operates it as a Subchapter S Corporation. The real estate, a commercial condominium, is owned by the owners of the business, separate from the corporation. Razzmatazz is located in the heart of Bethlehem’s business district on Main Street, NH Route 302, a major East-West roadway connecting communities in the White Mountains region of New Hampshire to Maine to the east and to Vermont to the west. The business is easily accessible from the street and there is ample on-site and on-street parking. The salon is housed in a well managed commercial condominium building, which was built in 1920.

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Property Features and Assets:

The salon is housed in a 1,870 square feet space, with 935 square feet finished above grade, 59 square feet finished below grade, and the remaining 851 square feet unfinished below grade. Condo fees are $48 per month. The association is conservative and viable, and the exterior maintenance program is well focused. The interior of the unit is also well maintained, and all furniture, fixtures, and equipment are in good to excellent condition.

Market Competition and Expansion:

Razzmatazz has no other competitors in town. There are large resorts in the area which offer some similar services but cater more to their guests in location and price.Increased hours of operation. The salon is currently open 5 days per week. Opening one or two days additionally and/or extending hours both earlier in the morning and later in the evening would certainly have a positive impact on income. By adding more staff, revenues could be expanded as only 4 of the 6 stations are being utilized. The two inactive stations could be filled by the new owner, employees, or sub-contractors, all potentially profitable moves. More cross selling of facial, body waxing, manicure, and pedicure services and the addition of offering massages all would provide growth potential. Expanding outside services, such as off-site group, convention, reunion, and wedding events held in the myriad resorts and function facilities in the White Mountains is a growth area. And lastly, income could rise with increased marketing to handle more group work inside the salon.

Reason for Selling:

Husband is relocating.

Additional Details:

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