Premium Growing Spa and Salon

Virginia Beach, VA
Virginia Beach City County

Hampton Roads


Asking Price: Annual Revenue:
$1,995,000 $1,194,695

Services: Hair, Nails, Spas, Tanning


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RE: Premium Growing Spa and Salon Broker: Roland Joseph Davis

Quick Facts

Asking Price: $1,995,000
Annual Revenue: $1,194,695
Net Profit: Not Disclosed
Cash Flow: $487,684
Total Debt: Not Disclosed
FF&E: $385,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 23260217
Broker Reference #: S&S HR

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Business Overview:

Hampton Roads, Virginia

Well established, hugely profitable and located in prime retail space on a major route with high traffic counts. Strategically positioned geographically, the business has a strong reputation and great image in the community they serve. One of the largest spas and salons in Eastern Virginia, this opportunity provides a turnkey and cash flowing opportunity to a first-time buyer 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 (facial), waxing, hydrotherapy, makeup, skincare, lash, etc.

The beautiful 4,000 square foot full-service spa and salon were recently remodeled (over $200,000) in the last 2 years. The facility has 9 treatment rooms, ladies and men’s changing areas, full salon, and a relaxation area. Revenues and total income (SDE) have recovered to pre-COVID levels.

The business has stellar customer reviews and numerous awards. This state-of-the-art salon and spa has an experienced management and staff in place. The staff is well verse in the most modern treatments and practices. The business has earned a strong online presence with significant Facebook and Instagram following. Local favorite. Staple in the community. Area gem. Ideal dynamic growing commercial location. Very popular. Tons of regulars. Great access and parking. Always busy. Strong Brand name. Reason for sale is retirement.

For an experienced salon and spa owner, this is a great strategic acquisition opportunity to immediately purchase a predominant established business to capitalize on its long-term goodwill, reputation, and client base. Upon proper qualification of the potential acquirer, including the customary exchange of financial information and confidentiality agreements, a detailed Confidential Prospectus will be provided. All inquiries will be held in strictest confidence.

Purchase Price: $1,995,000
Gross Revenues: $1,194,695
SDCF: $487,684
FF&E: $385,000 (included in asking price)
Inventory: $35,000 (included in asking price)

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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.

Documents:

Relevant Links:

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