Excellent opportunity to own a high-end, contemporary salon in the Vienna/McLean/Tysons Corner area, one of the hottest retail markets in the region, that is experiencing rapid new development and growth. The business is right outside the major development and less than a mile from the new metro station.
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Property Features and Assets:
The 1,800 square feet space is located in a mixed use Retail/Office Building in the Vienna/McLean/Tysons Corner Area. The monthly rent is currently approx. $4,800/month “all in” through Feb 2024. The salon was recently completely renovated with a contemporary design and feel. It is in the center of the hottest retail zone in the region and is adjacent to hotels and office parks. There are 11 stations, 3 shampoo bowls, and 2 dryers with plenty of space to add additional stations or private rooms for other services.
Market Competition and Expansion:
Competition: There is standard competition for the industry in the market, but with a nice contemporary design and such a prime location to serve residential, retail or corporate office park clientele, this salon is well positioned for continued success. Being less than 1 mile to the Silver Line Metro and major new development this makes it a great business opportunity setting it apart from its local competition.
Growth & Expansion: With the business being located right in the Vienna/McLean/Tysons Corner Area which is the fastest growing high end retail, residential and office community in the region the business is poised for growth just from the local development. Fairfax County Government says, "We intend for Tysons to become Fairfax’s “downtown.” By 2050, Tysons will be home to up to 100,000 residents and 200,000 jobs under the county’s transformation plan. Already, more than 31 million square feet in new mixed-use development have been approved. Increasingly, these communities are where everyone from millennials to baby boomers want to live." Washingtonian Magazine says, "Tysons Corner is home to the most ambitious re-urbanization project on Earth." If a new owner capitalized on the planned development and inherent growth along with employing a local marketing and advertising plan, the business will see unimaginable growth and success! Adding additional services like, nails, massage, facials and additional spa treatments since none are currently offered would dramatically increase revenue along with recruiting new service technicians to either rent space or become a commission split employee.
Reason for Selling:
Family and health.
- 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.