Profitable Salon Spa ~ Exclusive High End Area

Not Disclosed, OH
Cuyahoga County

High End Area


Asking Price: Annual Revenue:
$345,000 $764,000

Services: Hair, Nails, Spas, Tanning


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RE: Profitable Salon Spa ~ Exclusive High End Area Broker: Peter Vadas

Quick Facts

Asking Price: $345,000
Annual Revenue: $764,000
Net Profit: $110,279
Cash Flow: $110,279
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1996 / 2002
Employees: 15
BBN Listing #: 10927889
Broker Reference #: Not Disclosed

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Business Overview:

This Business was established in 1996 and the current owner bought it in 2002.
They have 6 profit center; both men and women use their services.
The list of services Include: Haircutting and styling, color, perms, highlights,manicures, pedicures, massage, and body waxing,

The salon has 2,500 sq. ft. and was totally remodeled in 2013.

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Property Features and Assets:

The salon has 2,500 square feet and was totally remodeled in 2013. There are 8 cutting and styling stations, 3 shampoo bowls, 4 Whirlpool pedicure rooms, 2 facial rooms, and 2 massage rooms. There is also a treatment room for tanning and waxing.

Market Competition and Expansion:

They are open 5 days a week, but many progressive salons are open 7 days a week.. The owner does not perform any services. In todays world men and women need to get their hair and nails done when they are not working, which is typically on the weekends.

Reason for Selling:

Retiring

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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