Established Aveda Concept Salon & Spa in High Growth Area of Nashville

Nashville, TN (Davidson County)

Established Aveda Concept Salon & Spa in High Growth Area of Nashville

Asking Price:$175,000

Cash Flow:$76,000

Gross Revenue:$515,187

EBITDA:N/A

FF&E:$55,000

Inventory:$50,000

Rate/Sq. Ft.:N/A

Established:2001

Established Aveda Concept Salon & Spa in High Growth Area of Nashville

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Business Description

The full-service salon is established and has incredible upside for growth, The current business platform consist of; five (5) stylist stations fully equipped, message therapist who has been with the business for 11 years, an aesthetician who is highly Aveda trained, and a manicurist/pedicurist station. The current owner is not a stylist. If an owner/operator/stylist were to buy this business the income potential would be strongly enhanced. The salon operating with five (5) stylist (one being the owner), a message therapist, an aesthetician, a manicurist/pedicurist and an aggressive promotion campaign for the Aveda product line could realize an owner's income of over $200,000 per year. This is a unique buying opportunity in one of the most vibrant growth areas in the country.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The full service salon is operated in a 2600 sq. ft. free standing facility located on a high traffic thoroughfare in Nashville, Tn. (pictures available upon request). The salon has five (5) stations fully equipped for stylist and a manicure/pedicure station. The salon has sufficient parking and incredible road front exposure.
Competition:
The Nashville demographic picture is one of vibrant, growing and prosperous area. Nashville has experienced strong gains in population, a high level of education attainment and rising income levels all contribute to one of the nation's most dynamic growth centers. The salon is situated in a high growth area. It is positioned to take advantage of this growth which should reflect in an increase in income potential. This salon has competition from franchise discount cuts to other full service salons. However, the selling of the Aveda product line separates this full-service salon from others in the area. There is not another salon that sells Aveda products East of Briley Parkway in the Nashville area. The Aveda line and the location of this salon trumps the competition.
Growth & Expansion:
The salon currently has three (3) stylist. The facility allows for and is equipped for two (2) additional stylist. Growth for this salon will occur with the addition of the two (2) stylist and the marketing and advertising of the Aveda product line. The building could be expanded if growth were to exceed the current square footage. The existing parking area could easily accommodate a substantial growth in business.
Support & Training:
The salon will be sold with existing stylist in place who are available to train the new buyer. The salon sales Aveda products.Training is available through Aveda for promotion of this product line.
Reason for Selling:
Owner's full time job is requiring more time and has less time to manage salon.

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Jerry Lucas

Business Listed By:
Jerry Lucas

Lucas Business Brokers

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