Attractive And Profitable Salon And Spa
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $596000
Net Profit / Cash Flow $125000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2004
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training The owners will offer support and training for several months. Most of the employees will most likely transition with a new owner and several have class 1 licenses.
Reason for Sale Different career aspirations.
Description An upscale salon and spa for sale in downtown Boston. In business for four years, this business has been highly profitable and generated nearly $600,000 in revenue in 2008 and a cash flow for the two full-time working owners of $125,000. The salon's sales have increased year over year and the business is thriving, even in the recession. The business has been successful by providing superior services in a very sleek and upscale setting with very little competition nearby. The salon and spa provides a variety of services, primarily haircuts, color and styling. Their spa services include manicures, pedicures, waxing, facials and body treatments such as body bronzing and mud wraps. Their clients are primarily women and young professionals who live or work nearby. Most of their advertising is through referrals, but they also do some advertising on Yelp, Citysearch and Daily Candy websites. They have employed refer-a-friend specials for 20% off services, and first time clients also received 20% off their service. They also have a very attractive website. The business has a very attractive space and lease situation. The space is 2,700 square feet with decorative brick walls but all new hardwood floors and new furniture fixtures and equipment. The owners invested significantly in a build-out with multiple spaces for the variety of services they provide.
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