Organic Salon & Spa
Location Arizona,United States
Asking Price Range < $250K
Gross Revenues $361957
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 10 - 19
Inventory 130000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Family Obligations
Description This 3,628 sq. ft. salon/spa is located in an exclusive and desirable area of NE Phoenix, known as the Biltmore area. It caters to an affluent and loyal clientele for men and women who love to be pampered.
The salon/spa is located in a well-established strip shopping center and has street visibility, ample parking and easy access from the street. Mountain views can be seen from inside the salon, which magnifies the ambiance of this elegant salon and spa.
The shopping center tenants includes a drive-by/sit-in in Starbucks Coffee, a new sophisticated and hip dining and wine bar that has become a local neighborhood favorite, Coldwell Banker, a well-established and recognized real estate company, an organic dry cleaners, a pet hospital, yoga studio, a fine dining restaurant, Chase Bank, and numerous other businesses that lend to walk-in traffic.
Also, a brand new orthopedic "surgery center" business will soon be opening, which will attract new customers to the shopping center and is within several walking steps from this facility.
Salon/spa consists of 18 (room for 20) chairs, 3 of these hair stations are strictly organic and 15 of them are traditional hair stations. In addition, there are 5 organic pedicure stations, 4 organic nail stations, 2 traditional pedicure thrones, 5 traditional nail stations and 6 private treatment rooms that offer a myriad of skin and body rejuvenating services. The spa recently added airbrush tanning and eyelash extensions to the list of services they provide to their clientele.
Of the 18 stylist chairs, approx. 4 chairs are vacant at this time. Chair rents start at $273. Several of the stylists have been working at the salon for over 10 years.
The treatment rooms are rented on a commission basis. Has 3 receptionists that work a combined total of 65 hours/week at $10 hour.
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