High-End Salon & Spa

File# C2599
Location: Oakland County
Business Price: $225,000
Down Payment: $75,000
Monthly Payment:$2,830.69
Interest Rate: 5%
Amortization Period:5 years
Gross Sales: $800,000
Source: Tax Returns (2019)
Cash Flow: $100,000
Source: Tax Returns (2019)
Inventory: TBD
Days Open: 6
Business Hours: Tue-Thurs: 9 AM-8 PM, Friday: 9 AM-6 PM, Sat: 8 AM-4 PM
Seats: N/A
Parking: Ample
Licences Required:Sales Tax & Business
Year Established:2012
Year Acquired: 2012
Monthly Rent:$6,000 Gross

Profile:

This is an excellent semi owner absentee/turn-key salon & spa located in a growing area of Oakland County. It is in a busy plaza with many businesses that provide a ton of walk-in customers. In 2019, they had 1,100 walk-in clients who turned into regular clients and over 700 in 2020. The surrounding area has a large mix of residential and commercial residents. The local area is also expanding to more high-end homes that a new owner can capture as new clients.

This salon & spa is over 4,000 SQ FT and has more than 10 styling chairs, multiple spa rooms, and 6 pedicure/manicure stations. It is remodeled and has an amazing layout and ambiance from front to back. Everything from hair colors to nail polishes are organized using a state-of-the-art management system that keeps track of inventory and business operations.

Sales for 2019 were $800,000 and 2020 sales were $614,386 with being closed for 3 months and cutting back on spa services due to the pandemic/government restrictions. The owner has a great system in place for the workers that enables them to generate high sales numbers. It has multiple hair stylists/estheticians and a manager in place that helps manage the day-to-day operations of the business.

A new owner can increase the revenues by adding things like Botox and other up and coming facials like microdermabrasion. The seller has an amazing online presence, but the seller does not do any online advertising. A new owner operator can further increase revenues by launching a new marketing campaign. There is enormous potential for this turnkey business.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.