Services - Beauty & Barber Shops | Services - Other Personal Services

Asking Price	$240,000	Inventory	$8,000**
Gross Income	$596,000	Real Estate
Cash Flow	$125,000	Year Established	2003
FF&E	N/A	Employees	9

* included in the asking price

** not included in the asking price

An upscale salon and spa in downtown Boston is available for sale. 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.

Facilities: 2,700 square feet of space which include 2 separate spa treatment rooms, manicure/pedicure area, 8 styling chairs, storage, multiple bathrooms, a break room and an office.

Competition: Very little competition

Growth/Expansion: Massage and reflexology can be added. A massage therapist could work part-time hourly with appointments booked around their schedule. Chair massages could be offered while clients are waiting for color to set or drying a manicure or pedicure. Additional products, especially skincare and anti-aging products can be offered for additional revenue. More marketing should be done by the owner. A savvy owner could contact local media and try to generate pieces about the salon. The owner should also do cross promotion with nearby businesses.

Support/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 Selling: Diffreent Career aspirations