Owner Absentee Profitable Upscale Salon& Spa

Business Overview:

Cash Flowing Salon & Spa with Long Term Lease and Low Rent! Do not want to deal with tire-kickers. If you truly interested send appropriate financials or you will not receive a response. Please dont waste our time and we wont waste yours. This is a fantastic opportunity for an experienced buyer. 95% of business is with the local neighborhoods. Established: 2015 Location: High visibility main street with parking available Area: Highly sought after DC Location Average Net Margins: 22 %+/-. Sales: $ 600,000.00 (approx.) Cash Flow: $139,800.00 Payment terms: 70 % (Credit/Debit Cards) | 30% (Cash) Size: 1,450 Square Feet Store with low monthly rent of $9,200.00 (NNN). Lease terms: Long term. Inventory: $ 20,000.00 (approximately) is included in the sale price. Majority Customers Type: Well established and high income individuals and families, large commercial and residential buildings Yearly Revenue and Profit Trends: Steadily growing The sale price of $450,000….which is just 3.21 years of NOI! This is a cash cow business. Hours of operation: Sunday - Wednesday: 10.00 AM-6.00PM, Thursday - Saturday: 11.00 AM-5.00 PM This well reputed business located in Newer Washington, DC, area presents a unique opportunity to acquire a long-established upscale salon specializing in a high-quality experience.

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Property Features and Assets:

Since inception in 2015 the business has been growing (and remained stable during covid years) thanks to its Stellar Landmark Location.

This is the most unique and most beautiful Salon and Spa in the Area like no other in the 2 mile radius, hence the direct competition is relatively low! It offers many options in beauty and care! It's all turn-key and ready to go for a hair stylist, a esthetician, manicurist, massage spa, this is a very sophisticated Salon, and you can start making money right-away!

Additonally, what makes this business stand out is the multi-generational presence in the market for almost 10 years, high focus on the customer experience, successful marketing, and tight operational systems/processes.

Market Competition and Expansion:

Going forward, a great growth potential awaits as this location is top notch and hot in the newer side of DC where population is increasing, through residential buildings and commercial offices. Customers can be easily tapped around DMV areas. including DC, VA, and adjacent areas of MD. To cope with the future growth, sufficient space is available inside that can be maximized for high sales volumes and profitability including adding more hair stylists because there is great demand for high end services in the area, and customers are affluent. Densely populated areas around this business, in terms of increasing residential, commercial buildings, and hotels as well as great influx of tourists visiting DC from all over the country and globally, throughout the year! New buyer has a strong potential to further add other services and sell personal care accessories/products to boost sales. Digital marketing has great potential for Spa businesses.

Reason for Selling:

retiring

Additional Details:

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