Established Cosmetology School with Day Spa

Fairfax County, VA

Established Cosmetology School with Day Spa
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Asking Price: $500,000

Cash Flow: $186,524

Gross Revenue: $416,370

EBITDA: N/A

FF&E: $30,000

Inventory: $25,000

Established: 1995

Established Cosmetology School with Day Spa

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Business Description

Great opportunity to own an accredited school offering programs in Esthetics, Permanent Makeup, and Cosmetology along with a popular spa. The business is located in an established and affluent part of Northern Virginia. The school is licensed to operate in Virginia by The Department of Professional Occupational Regulation and attracts students from across the country and around the world. The spa has an elegant and warm atmosphere and has been serving clients in the DC metro area for over 20 years.

This unique entity combines two revenue streams into one business. On the vocational side, students receive theoretical instruction and practical training in the nature and health of the skin care and esthetics treatments including make-up, body treatments, waxing, permanent cosmetic tattooing, aromatherapy, the art of cosmetology and nail work. The school is authorized by the US Department of Justice to enroll international students and issue I-20 (Certificate of Eligibility for Non-immigrant Student Status) visas and approved to help international students obtain M-1 visas. Each student leaves prepared to take their Virginia State Board Licensing test. The school graduated 150 students in the past three years with 100% of the Cosmetology students, 80% of the Basic Esthetics students and 87% of the Master Esthetics students employed upon graduation.

The day spa part of the business offers an extensive range of services including massage, facial and body treatments, electrolysis, waxing, permanent make-up and hand & foot treatments. This provides the next owner significant upside and growth potential with two promising revenue streams. This is the perfect opportunity for a practitioner, educator, or entrepreneur to take over a turn-key operation with an impressive track record.

Detailed Information

Inventory:
Included in asking price
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately 3,000 sqft in a professional business complex consisting of a classroom (2,000 sqft), 4 treatment rooms (approximately 200 sqft each) and office space. The classroom and treatment areas were most recently renovated in 2017. Ample off-street parking is provided. Seller owns the space and will lease to the future owner for $4500/month for the first year with a long term lease to be negotiated.
Competition:
Standard competition for the industry and market. This business has a great reputation and established base of over 1,000 repeat spa customers. The school offers multiple licensing options.
Growth & Expansion:
A new owner might consider additional advertising to increase student applications and customer attendance at the spa. The addition of admission representatives will lead to enhanced recruitment of students along with improved Visa processing to permit greater enrollment by foreign students. The planned addition of massage therapy instruction and classroom space will result in more students.
Support & Training:
Seller will provide necessary training and support as well as follow-on consultation after purchase.
Reason for Selling:
Owner is retiring.
Business Website:
http://www.horizonbrokers.com
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Contact the Seller

(from currently available funds)
 
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Leo Carling

Business Listed By:
Leo Carling

Horizon Business Brokers, LLC

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Sponsoring Broker:
Dustin Zeher, CBI

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