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Business for Sale Summary

High End Spa & Salon in Suffolk County - 31207

Business Type: apparel and accessory store,health/beauty/nutrition supply,hair salon/ barber shop,other personal services,professional services,seller financing available,spa / dayspa / skin care
Owner Financing
High End Spa & Salon in Suffolk County
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This business has received 151 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $514,832 Lease Remaining Register Free to View
Owner’s Cash Flow $82,240 Number of FT Employees Register Free to View

Financing

$99,000 Down and The seller will entertain any reasonable offer!

Business Description

High End Salon & Spa - Well Established. Major Price Reduction! Owner ready to retire! Closed for 4 months due to Covid in 2020. They are open and operating in 2021 and expecting a sharp bounce back. The business has been established for 13 years with the same owner/operator, this is a full service salon and spa. They offer an 1800 sq. ft space that is half salon and half spa. They offer everything from facials and massages to spray tans and threading. The owner is looking to retire from full time ownership. The business is fully staffed (3 F/T and 9 P/T employees) and the owner only sees 8% of the overall clientele right now, working 2 days per week. She is happy to stay for a reasonable training and transition period, post closing. You are buying a great reputation, tremendous goodwill, and solid profits. In 2019 the business grossed approx. $514,832.00 (80% salon and 20% spa) with a net income of approx. $82,240.00. In addition, they have their own private label collection as well as some very exclusive product lines. The facility is well-appointed and tranquil, but also includes a video camera system and state-of-the-art software program that manages everything from appointments to payroll and inventory. In fact, a retail boutique was added in 2016. We are looking for a serious and financially qualified buyer with at least $99K in liquid capital. To learn more, please call, text or email Mel Vaz today on 631-767-0157 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.