$1.2M+ Gross Income, $200k+ cash flow

Tolland County, CT

Seller Financing Available
$1.2M+ Gross Income, $200k+ cash flow

Asking Price:$375,000

Cash Flow:$200,000

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:$100,000

Inventory:$100,000*

Established:2000

*not included in asking price.

$1.2M+ Gross Income, $200k+ cash flow

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Business Description

Beautiful, Turn Key, Upscale Day Spa & Salon

16 year "new", well established, absolutely beautiful, turn key day spa and salon. Great location and high traffic area. Generates over $1.2 million in revenue annually, over $200k+ in cash flow. 30+ great employees/subcontractors in a recently renovated, seller owned building. Rent is slightly negotiable. Skin care, massages, body treatments, manicures, pedicures, gel nails, waxing, hair style and design, hair extensions, eyelash extensions, makeovers and so much more. Owner is willing to finance up to 15 years for 50-75% of sales price to a well qualified, financially secure buyer. Private area for parking 40+ cars.

Detailed Information

Inventory:
Not included in asking price
Employees:
30+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All furniture and equipment of approximately $100K and included in price as well as approximately $90k of inventory which will be trued up at closing.
Competition:
Most exclusive day spa and hair salon in Tolland county and surrounding areas. Over 25,000 clients in our system.
Growth & Expansion:
Significant room for growth with new owner being onsite and managing on a daily basis. Marketing business will also take to the next level. Additional advantage of med spa currently located at same facility which has generated a significant amount of new business to day spa in last 2 years.
Financing:
seller financing available up to 75% and up to 15 years to well qualified buyer
Support & Training:
Training and support will be provided by current owner and manager. Amount of time required will be flexible.
Reason for Selling:
Owner is looking to downsize number of businesses owned and semi retire.

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Business Listed By:
Amanda Lynn

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