Remodeled High-End Spa & Salon

Pittsburgh, PA
Allegheny County


Asking Price: Annual Revenue:
$1,250,000 $2,849,410

Services: Hair, Nails, Spas, Tanning


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RE: Remodeled High-End Spa & Salon Broker: Cory Hoffman

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $2,849,410
Net Profit: $299,639
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 46
BBN Listing #: 873362303
Broker Reference #: 228-21502

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Business Overview:

With 30+ years in business and one of the largest spas and salons in western PA, this opportunity provides a turnkey and cash flowing opportunity to a first-time buyer (SBA stress test passed) or an existing company looking for a strategic acquisition. They offer a variety of services such as salon (men and female), spa (day/massage), spa (medical), makeup, skincare, lash, etc. The spa and salon were recently remodeled in the last 5 years with a beautiful 9,000 square foot location and an extremely strong lease. Revenues and total income (SDE) have recovered to pre-COVID levels of over $2,000,000 in revenue. For additional information, please contact listing agents Cory Hoffman or Nicholas Lettieri.

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Property Features and Assets:

This is a leased location of 9,000 square feet with a Total monthly rent of $23,670. Lease ends 05/2027 with One 3-year options. Seller is active with 39 Full Time, 6 Part Time employees and 1 independent contractors. Hours of operation are 9am-9pm Monday to Thursday, 9am-7pm Friday and 9am-5pm Saturday. $200,000 in inventory and $300,000 in FF&E included in the asking Price. $200,000 made in leasehold improvements. Cosmetology and Salon license required.

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.

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