Turnkey, profitable and upscale...Salon, spa, and boutique available

Dorchester County, MD

Seller Financing Available
Highly Successful and Profitable
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Asking Price: Get Financing: $225,000

Cash Flow: $150,664

Gross Revenue: $207,039

EBITDA: N/A

FF&E: $149,795

Inventory: $35,000

Lease Rate: $3,200 /Month

Established: 2003

Turnkey, profitable and upscale...Salon, spa, and boutique available

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Business Description

This profitable salon has everything a buyer could want: very visible in a high traffic location, efficient floor plan with 12 styling stations, 3 hair washing stations, 3 pedicure chairs, 2 manicure/eyebrow stations, 2 massage rooms, a color mixing room, facial room, hydrotherapy spa, wax room, an office and break room, as well as, fashion and accessory boutique. Established in 2003, this salon has become THE salon and spa of the area with a solid reputation and an owner motivated to sell quickly. The owner and staff have been satisfying very particular neighborhood residents, local hotel patrons and staff with their professional and quick service. Services include shampoo, haircut, blow-dry, coloring, highlights, wig styling, perms, threading, and extensions.

Independently owned and well run, it is located on busy Route 50, the main artery for the town and the main thoroughfare on the way to Maryland and Delaware’s largest resort beaches. The salon has been immaculately decorated and cared for providing its patrons with a high-end experience at highly competitive pricing. The salon is located in one the larger towns on Maryland's Eastern Shore and is an easy drive to the metropolitan areas of Baltimore, Washington, Annapolis and Philadelphia. It is now in the process of a complete facade overhaul and will be surrounded by new businesses such as Starbucks, ALDI Supermarket and Chic-Fil-A, as well as a satellite to the regional hospital. The only "high-end" salon/spa in the area, most competition consists of low-cost, franchise salons. Expansion is possible for the imaginative, energetic owner/marketer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
12 styling stations, 3 hair washing stations, 2 pedicure chairs, 2 manicure/eyebrow stations, 2 massage rooms, a color mixing room, an office and break room. Established in 2003, this salon has become THE salon and spa of the area. Independently owned and well run, it is located on busy Route 50, the main artery for the town and the main thoroughfare on the way to the resort beaches. Owned and operated by two sisters and their mother, the salon has been immaculately decorated and cared for providing its patrons with a high-end experience at highly competitive pricing. The salon is located in one the larger towns on Maryland's Eastern Shore and is an easy drive to the metropolitan areas of Baltimore, Washington, Annapolis and Philadelphia. It is now in the process of a complete facade overhaul and will be surrounded by new businesses such as Starbucks, ALDI Supermarket and Chic-fil-a, as well as a satellite to the regional hospital.
Competition:
One of only a few "high-end" salon/spas in the area. Most competition consists of low-cost, franchise salons
Growth & Expansion:
Most of the current clientele are the result of word-of-mouth and reputation. Expansion is very possible for the imaginative, energetic owner/marketer. This salon will be positively impacted by growth that is taking place within the shopping center where it is located. Many popular businesses are slated to open and a satellite from the regional hospital will attract much more foot traffic than exists now and present many marketing opportunities.
Support & Training:
3 weeks
Reason for Selling:
retiring
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(from currently available funds)
 
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Mike LeCates MBA

Business Listed By:
Mike LeCates

Transworld Business Advisors of Delmarva

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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.

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