Salon And Spa With Real Estate

Business Overview:

A high-end salon and spa between Madison and Milwaukee is a luxurious establishment that offers a wide range of services catering to the needs of its sophisticated clientele. It provides a serene and upscale ambiance where customers can indulge in premium beauty and wellness treatments. With an upbeat atmosphere, the salon and spa create a vibrant and energetic environment for both guests and staff. The focus on education ensures that the salon and spa stay up to date with the latest trends, techniques, and products in the industry. This commitment to continuous learning allows the salon and spa to offer cutting-edge services and deliver exceptional results to their clients. Guest service is a top priority in a high-end salon and spa. The staff is trained to provide personalized attention, ensuring that each guest feels valued and pampered throughout their visit. From the moment they enter the salon to the time they leave; every aspect of their experience is carefully curated to exceed their expectations.

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Property Features and Assets:

The facility was built in 2005.  The owner had run a salon for about 10 years prior to opening this location.  She had the facility designed to accommodate her clients and staff comfortably. The location was updated in 2019.  During the COVID pandemic they also installed a high-end air scrubbing system.  She has extensive cleaning and organization protocols in place to keep the facility looking like new.  

The parking lot was repaved in 2022.  There are no pending repairs or updates needed to the building.

The facility is 5,144 Square Feet, and sits on approximately .79 acres. The owner pays rent to a real estate company she owns. The rent paid in 2023 was $81,200.

Assets = $1,087,945

Market Competition and Expansion:

Nailing it: Continued growth in household income will fuel revenue growth "The Hair and Nail Salons industry offers haircuts, facials, makeup application services, hair modification treatments, as well as deluxe spa manicures and pedicures. Demand for these services mirrors broader economic performance since economic growth boosts consumer spending on personal care products and services. New products and services have favorably contributed to industry revenue growth in recent years. However, COVID-19 caused revenue for Hair and Nail Salons industry to plunge in 2020. Although hair and nail salons have since reopened, hair and nail salon revenue has shrunk at a five-year CAGR of 2.3% to $67.4 billion through the end of 2023, including a 0.9% decline in 2023 alone. "Stable profit and low barriers to entry have attracted new companies to enter the industry, most of which are non-employers. The business is only open 38 hours a week.

Reason for Selling:

Owner would like to scale back her hours.

Additional Details:

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