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Business for Sale Summary

High End Salon & Spa for sale in New York - 33646

Business Type: health/beauty/nutrition supply,misc. servicel/non-classifiable,other personal services,professional services,seller financing available,spa / dayspa / skin care,hair salon/ barber shop
Owner Financing
High End Salon & Spa for sale in New York
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This business has received 8 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $786,000 Down Payment $500,000
Gross Revenues $690,861 Lease Remaining Register Free to View
Owner’s Cash Flow $286,200 Number of FT Employees Register Free to View

Financing

$500,000 Down and $286K over 5 yrs. @ 6%. Buyer must sign a personal guarantee.

Business Description

High End Salon & Spa. This business is an ideal purchase for a talented stylist seeking to leave the high rent and congestion of Manhattan or an investor seeking a solid return on their investment. The purchaser of this business DOES NOT have to be a stylist. The current owner has been stepping back from her styling clients for some time as she is preparing to move out of state. That is the motivation for the sale. She only sees 12% of the clientele. In fact, when she is traveling, there is a highly skilled staff in place that sees her clients. They will stay with a new owner if they continue to provide the generous pay structure and supportive culture. This is not just any salon. This is an award winning eco-friendly salon in the heart of the charming river towns of Westchester, NY since 2006. Since the Covid pandemic hit NY, affluent residents have been fleeing Manhattan and going to their second homes to the North and East. This has been to the benefit of this salon. They have shown consistent growth year over year since they opened, but have seen an additional uptick since being able to re-open in June of 2020. In the most recent full year the business grossed $690,861.31 with an owner's cash flow of approx. $286,200.00. THAT IS NOT A TYPO! The owner keeps meticulous records of all sales and expenses and can verify every penny. The reason for the high profit is the high margin work and extremely low overhead. This is a 1,200 sf. salon with a 300 sf. open air deck for outdoor styling and 800 sf basement in an affluent area of Westchester with a rent of only $2,000 per month! Guests walk into a beautiful, relaxing and welcoming environment where they receive exceptional service from a knowledgeable team of stylists. Covid is taken very seriously and all necessary precautions have been taken to ensure the safety and comfort of guests and staff. We are seeking a serious and financially qualified buyer with at least $500K in liquid funds to cover the downpayment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.