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Asking Price:	$1,500,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Year Established:	2003
# of Employees:	30
Yearly Revenues:	$2,000,000
Yearly Cash Flow:	$500,000

Business for Sale Overview:

The salon and day spa is engaged in the provision of hair cutting and styling, thermal relaxing, color enhancement, manicures and pedicures, wax services, hair conditioning, hydration, scalp balancing, spa massage services, acupuncture, hair replacement, hair extensions, bridal beauty treatments, cosmetic boutique facial treatments along with the retail sale of skin and body products via the salon and the website. The spa section of the business offers the client treatment in the privacy of an isolated massage area in a quiet, private calming environment. Additional private locker room areas for changing are also available. The salon and day spa is the place to get the highest quality hairstyling and body treatments anywhere in the tri-state area. The store enjoys no seasonality. As a result, the store suffers no loss of sales during any particular time of year.

Property Features and Assets:

The salon and day spa is located on approximately 7,000 square feet of workspace. The present lease is transferable, and has a seven-year term remaining with renewal options. The owners of the salon pay $10,300 per month for the lease. The make-up and day spa sections of the space are subleased from the owners at $1,200 and $5,000 per month respectively.

Market Competition and Expansion:

Advertising is done through major periodicals and online. The owner spends approximately $30,000 per year on radio and print advertising. The owner has an established reputation which creates business. The website is tremendous with over 1,000,000 visits to the site in 2007, adding to the strength of the advertising, consistently driving product sales as well as gift certificate sales.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.