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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