Upscale Salon and Spa - 71435

Not Disclosed, FL
Manatee County

Popular & Growing SouthWest Florida Area


Asking Price: Annual Revenue:
$575,000 $861,532

Services: Hair, Nails, Spas, Tanning


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RE: Upscale Salon and Spa - 71435 Broker: Richard Green
License #: 3390595

Quick Facts

Asking Price: $575,000
Annual Revenue: $861,532
Net Profit: Not Disclosed
Cash Flow: $150,110
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 20
BBN Listing #: 681555945
Broker Reference #: 8003-71435

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Business Overview:

A well established, high-end boutique salon offering a "True Spa" experience to its local guests, at an affordable cost. The business offers services for hair, massage, body, facial, waxing, makeup & lashes, nails, assorted packages and weddings, serving both female (75%) and male (25%) customers. Although they get some "snowbird" business, the customer base leans heavily toward local year round residents a number that is growing rapidly. The shop was opened in 2009, at a cost in excess of $600,000, and it has seen steady growth over the past 15 years. As the immediate area grows in population, the revenues are expected to increase with seasonality being diminished. There was a small decline in 2020 due to the Pandemic but the numbers improved late in the year and 2021 is coming on strong. The 17-20 staff members are all on W2 and the owner works behind the scenes about 20 hours per week and does not do any services. A new owner needs to be skilled in business management, personnel management and marketing/promotion. Social media is an important part of marketing with Salon/Spas today, so the new owner needs to understand how to utilize those social media resources. This is an excellent opportunity to own a high-end spa/salon that is well located and primed for a dramatic growth opportunity for a new owner. May be E-2 Visa eligible.

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Reason for Selling:

Relocation

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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