NOT DISCLOSED, Illinois
| Asking Price |
$350,000 |
Year Established |
2023 |
|
| Annual Revenue |
$200,000 |
Reason for Selling |
Family Time |
|
| Annual P/L |
$65,000 |
Attention |
Bruce Povalish |
|
| Annual Cash Flow |
$75,000 |
Listing Number |
1008343 |
|
| # of Employees |
2 |
Business Category |
Services: Hair, Nails, Spas, Tanning |
|
Business Overview:
This is a new fully built-out, modern boutique head spa located in a high-traffic Chicago western suburban retail corridor. The opportunity is structured as a cash flow sale and provides a turnkey setup for an expansion location or current salon key employee looking to be their own boss and step into a professionally designed space without the cost, time, and disruption of a new $100K+ build-out. The business has been SBA pre-qualified with some seller financing available with a low down payment.
The spa occupies approximately 1,250 square feet and features 5 treatment rooms/areas, a front desk check-in area and “blow-out” area. The layout is open, efficient, and designed to deliver a strong client experience from entry to checkout.
Current ownership is only doing limited marketing so there is the potential for major sales improvement. The rear of the space includes a large storage room, washer and dryer, break room and private restroom.
The lease is secured through January 2030 + 3 year option, providing long-term stability. Current base rent is $2,060 per month with modest annual increases of 3.3% per year.
All furniture, fixtures, equipment, and existing product inventory are included in the asking price.
Property Features and Assets:
<p>Spacious salon with brand new buildout. Price includes all equipment and furniture valued at approx. $30K located on a four-lane high traffic route.</p>
Market Competition and Expansion:
<p>The Head Spa industry in the U.S. has developed very quickly over the past few years in conjunction with the $6+ trillion holistic wellness boom. Market projections from $14.7 billion in 2025 to $24 billion by 2032. </p><p>Once concentrated in Japan, Korea and Asian communities in the US, head spas are now appearing in luxury salons, wellness centers and standalone studios worldwide.</p><p>Short-term outlook on scalp-first routines are increasing at a high rate and aligns with larger shifts toward personalization, sustainability and wellness subscriptions. Scalp care is expected to remain a top hair trend</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity