Business for Sale Overview:
An upscale salon and spa is available for sale. This business has been highly profitable and generated $700,000 in revenue in 2007 and a cash flow for the part-time owner of $150,000. 2008 projections show an increase in revenue and cash flow over 2007. The salon and spa offers services for both men and women, including hair, nails, massages, facials, body treatments, waxing and makeup. They also sell high-end beauty products that cannot be found at any competing salon nearby. This salon and spa has been successful by providing multiple superior services in an upscale setting. The business occupies a large space with and rent is only $4,000 per month. The space is open and airy, with multiple waiting areas and treatment rooms. All of the furniture, fixtures and equipment are essentially brand-new, and have a high-end and upscale appearance. There is also room to expand within the existing framework and rework the space.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Twelve hair stations, multiple treatment rooms, separate manicure and pedicure rooms, shower/locker room and an office. They also have two large waiting areas and multiple bathrooms.
Market Competition and Expansion:
It is the only high-end salon and spa in the area and has attracted clientele who want to receive high quality services in a posh setting but do not want to travel into downtown Boston. Median household incomes in the surrounding towns are $75,000 to over $100,000.
A new owner can capitalize on the popularity of medical spa services and add these services in the spa. There aren’t any other high-end medical spas in the immediate area, so offering these services would generate new business. Based on Massachusetts laws, aestheticians can provide laser hair removal, photofacial, microdermabrasion and chemical peel services. The owner could also hire a physician to come to the location one or two times per week to administer Botox and Restylane.
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.