Mgt in Place - Luxury Spa & Salon

Not Disclosed, AL
Mobile County


Asking Price: Annual Revenue:
$650,000 $990,972

Services: Hair, Nails, Spas, Tanning


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RE: Mgt in Place - Luxury Spa & Salon Broker: Mark Cantey
Owner Financing is Available!
Owner Financing Terms $200,000.00 Owner Financing Interest 6%

Quick Facts

Asking Price: $650,000
Annual Revenue: $990,972
Net Profit: Not Disclosed
Cash Flow: $195,122
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 19
BBN Listing #: 269955279
Broker Reference #: 24876-156393

Email or Print Listing

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Business Overview:

*Existing retail non-franchise salon and day spa.

*The Company has a full-time manager, full-time assistant manager, and has a Director of Education with an excellent apprentice program for new employee funnels

*High quality reputation in the industry, most of new business is obtained through recommendations and recurring referrals and repeat customers. Built-in Clientele, mostly working women ages 27-62.

*Beautiful and modern buildout: ~5,200 Square Feet of a free-standing building - available for lease or sale (numbers include $7k/m NNN rent - so if you bought the property + biz the lease/rent would go away)

*Typically runs with about 12 full-time employees and 7 part-time employees

*No family members currently working in the Company

*Reason for Sale: Retirement of sole owner

*Currently, the Owner is not the active manager of the Company but relies upon the current managers in place to run operations

*High intentional employee training using live models for training purposes

*Industry expected to expand at higher than normal rates

*Great add-on business for existing Dermatologist or Plastic Surgeon; However, Medical experience or background not necessary; minimal licensing requirements to transition business

*Company has retained Transworld Business Advisors as its Exclusive Business Transaction Broker

*SBA preapproval pending / May Qualify for Visa

Beautiful and Seller Owned. Could be Leased or Purchased at FMV, asking price $1.1m on real property. If leased, lease will have standard inflation and escalation clause for future rent increases.

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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.

Relevant Links:

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