Award-winning Hair Salon and Day Spa

Not Disclosed, IA
Polk County

Des Moines Metro


Asking Price: Annual Revenue:
$385,000 $1,580,667

Services: Hair, Nails, Spas, Tanning


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RE: Award-winning Hair Salon and Day Spa Broker: Scott Stricker

Quick Facts

Asking Price: $385,000
Annual Revenue: $1,580,667
Net Profit: Not Disclosed
Cash Flow: $143,111
Total Debt: Not Disclosed
FF&E: $263,168
Real Estate: Not Disclosed
Year Established: 2000
Employees: 31
BBN Listing #: 457635915
Broker Reference #: 2904

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Business Overview:

*The cash flow number shown ($143,111) was to “normalize” the business and was calculated by doing a 4-year weighted average on the NOB. 2020 was given a low weighting due to the outlying COVID event. Revenues for the business have been steadily increasing in 2021 as the business rebounds from the pandemic. Please see the attached circular for 2021 YTD numbers.

**The Business received PPP Loans in 2020 and 2021 which were forgiven in 2021. These dollars are not reflected in the 2020 and 2021 Revenues or N.O.B. numbers shown.

This award-winning hair salon and day spa for sale in the Des Moines metro area offers a full array of services to its high-end clientele. The business is staffed with career-driven stylists who are highly trained and focused on their craft which has resulted in excellent client reviews and a busy salon. With its high-end furnishings and equipment, its impeccable reputation, and consistent profits, this business is truly turn-key for the next owner.

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Property Features and Assets:

This salon and spa is located in a 5,600 square foot facility in the Des Moines metro area. The location has great signage, plenty of parking and excellent visibility to traffic.

Market Competition and Expansion:

This business can continue to increase its revenues by adding more staff, expanding the services offered, extending its hours of operation, and by more aggressively marketing its hair and nail retail products.

Reason for Selling:

Retirement

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.

Documents:

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