Business For Sale

Salon & Medi-Spa

Savannah, GA
Chatham County


Asking Price: Annual Revenue:
$150,000 $82,493

Services: Hair, Nails, Spas, Tanning


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RE: Salon & Medi-Spa Broker: William Reyes

Quick Facts

Asking Price: $150,000
Annual Revenue: $82,493
Net Profit: Not Disclosed
Cash Flow: $15,621
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 13
BBN Listing #: 354952907
Broker Reference #: 57971-843433

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Business Overview:

MUST SELL! Located on Savannah’s Southside, just minutes from the Truman Parkway and access to anywhere in the city, be it downtown, the Landings, the Islands and Richmond Hill. Savannah’s Southern Charm makes the city one of the country’s top wedding destinations, Georgia is also the #1 destination in the country for the film industry, keeping the team here very busy. This salon & spa is the only like it in the region; from Jacksonville to Charleston, Savannah to Atlanta, The price & recent renovation makes it a once in a lifetime offer. Simply put, you cannot build this salon for this price. Let alone get a book of clients and established employees with it. Several employees rent space, covering half of the lease payment, before any clients walk through the door. Perfect for an addition to your current salons & spas and/or a perfect first salon.

This well-known salon serves an upscale local client base and serves as the salon of choice for new brides getting married in the destination city. The salon & spa boasts a brand new expansion, doubling the size of the location. There are several facial rooms, a mani/pedi room, make-up room and massage rooms, including a couples massage room. The best part about the spa expansion is that it’s on the opposite side of the building from the hustle and bustle of styling hair. More importantly, this salon enjoys diverse revenue streams including but not limited to;

- Hair Appointments
- Facials, Micro Blading, Collagen Lifts, Waxing
- Massages, Make-up, Mani-Pedis
- Booth Rent

With 13 solid employees and stylists, any potential buyer would purchase as a turn key investment. The Seller maintains detailed books and records. This business enjoys a great lease and a prime location with easy access to public transportation, several highways which stretch to nearby Richmond Hill and Pooler, shopping, and eating.

The salon includes; - Reception area - 6 Hair Stations – Asthetics Rooms – Waxing Room - Massage Rooms - a Make-up Room, Mani-Pedi Room – Large Reception Area – Shampoo Room - Booth & Room Rental Income - Manager/Owner office or private room to work in - Employee Break Room – Small Boutique

Seller must sell to move out of area. Seller is willing to sign a non-compete agreement, return every 3 weeks to service his hair clients and offer seller financing to select buyers.

Listing Details
• Price: $150,000
• Revenue: $82,493
• Category: Beauty / Personal Care / Aesthetics Hair Salon / Day Spa
• Competition: Currently there are no other salon & spas offering the full their primary service.
• Location: Savannah, Georgia
• Employees: 13
• Growth & Expansion: The Greater Savannah is enjoying economic and population booms which are expected to continue for years to come. That combined with the increase in popularity of Savannah as a place for destination weddings offers any potential buyer solid growth potential.
• Years Owned: 2 years
• FF&E: $15,000
• Reason for Selling: Moving out of State

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Property Features and Assets:

This business was recently expanded and renovated full service Salon & Medi-Spa. For any potential buyer, it offers the stability of a turn-key investment with an easily accessible location in close proximity to the Truman Parkway, Hwy. 17 and Abercorn Street, making a drive from The Landings, Richmond Hill and Downtown easy. The salon and spa was originally founded by the seller. The salon expanded, doubling in size at the end of 2017. The expansion includes new esthetics, massage, mani-pedi and make-up rooms. The salon is decorated with unique antique pieces, many of which have been refurbished by the owner. The renovations created a secluded and quiet space in the medi-spa for the facial and massage rooms with the hair area on the other side of the building. Facilities 3,000 square feet, $2,600 lease

Market Competition and Expansion:

Savannah’s regional economy – which includes Chatham, Bryan, and Effingham counties – has been expanding, creating 32,000 new jobs since 2010, nearly all of them in the private sector. Since mid-2013, the growth has been substantial with growth projected for 2018 and beyond. The fastest job growth will occur in the construction industry, followed by professional and business services, leisure and hospitality, education and health services and wholesale trade says the director of the Selig Center for Economic Growth at the University of Georgia. The Savannah area will also benefit from the growth of the state of Georgia as a whole which is expected to grow above the national average in 2018 and beyond.

Reason for Selling:

Relocating

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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