Profitable Full Service Salon and Spa in the Baltimore Metro Area

Howard County, MD

Seller Financing Available
Profitable Full Service Salon and Spa in the Baltimore Metro Area
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Asking Price: $850,000

Cash Flow: $350,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: $150,000

Inventory: $40,000*

Established: 1998

*not included in asking price.

Profitable Full Service Salon and Spa in the Baltimore Metro Area

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Business Description

Profitable Full Service Salon and Spa

Full service high-end luxurious salon and day spa, very well known within its market in the Baltimore Metropolitan area. Services include, among others, women's, men's, and children's haircuts, styling, coloring, conditioning, manicures, pedicures, waxing, facials, body treatments, massage, makeup, spa treatments, and bridal and specialty packages.

Detailed Information

Location:
Howard County, MD
Inventory:
Not included in asking price
Employees:
25 approx
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business leases 2,500 square feet in a community shopping center. Rent is approximately $96,000 per year, or $8,000 per month, with includes taxes, insurance, and CAM. Leasehold improvements, furniture, fixtures, and equipment are spectacular.
Competition:
The salon and spa has continued to grow in sales revenue in excess of industry norms locally and nationally. This salon and spa has an excellent location and accessibility for clients throughout Howard County and beyond. The business enjoys a superior reputation in the marketplace. Local awareness and references are outstanding.
Financing:
Negotiable
Support & Training:
Seller is flexible regarding necessary transition training.
Reason for Selling:
Retirement
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Contact the Seller

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Andrew (Drew) Smith, M&AMI, CBI, MCBC, CBB

Business Listed By:
Drew Smith

The Morton Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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