Very Profitable Aveda Concept Spa & Salon

Harker Heights, TX (Bell County)

Fantastic Location
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Asking Price: Get Financing: $150,000

Cash Flow: $82,000

Gross Revenue: $815,000

EBITDA: N/A

FF&E: $150,000

Inventory: $46,000

Lease Rate: N/A /SF

Established: 2002

Very Profitable Aveda Concept Spa & Salon

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Business Description

After 14 years, the owner of this Aveda Concept Salon and Spa has decided to retire. This is not a franchise, this is an independently owned, fully turn-key, fully-staffed business and one of the largest Spa and Salons in Central Texas with over $800,000 of annual sales. It includes nearly 2800 sqft of prime retail floorspace in a premier Shopping Complex in Central Texas. It is the only business in the area offering Aveda products and services. The right to distribute Aveda products and services is a privilege that Aveda extends to only select salons and spas. This full service salon includes: women’s, men’s and children’s cuts, color, updo-s, deep conditioning treatments, makeup application & lessons. Spa services include: holistic men’s and women’s relaxation and corrective facial treatments, relaxation and therapeutic massage, skin conditioning body treatments, inch-loss body treatments, couples services, natural manicures and pedicures.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,774
Lease Expiration:
N/A
Employees:
21
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business was the first day-Spa opened in its area in June of 2002. The Spa's growth outgrew its initial location and moved into the present location in April 2009 in the largest shopping complex in the area. At this time the company expanded into a full service Day Spa and Hair Salon and began a partnership with Aveda a major manufacturer of salon products which enabled it to be central Texas' first eco-friendly spa & salon.
Competition:
BizMiner Industry statistics indicate there are only 5 other Spa & Salons with revenues between $500- $1M in this fast growing Central Texas region making this business one of the most dominant providers of Spa and Salon services in the area. This business is the only Spa and Salan to offer Aveda products and services. The right to distribute Aveda products and services is a privilege that Aveda only extends to select salons and spas.
Growth & Expansion:
The growth opportunity is excellent. Central Texas is booming, there is an estimated population of over 120,000 people within 5 miles of the salon with household income over $62,000 that is expected to continue to grow significantly. Over the past 10 years the area has grown by over 50%. The Spa & Salon is currently operating at 60% of capacity which allows for significant growth opportunities with nearly zero increase in overhead expense.
Support & Training:
5 weeks
Reason for Selling:
Retiring
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Ron Spitzack

Business Listed By:
Ron Spitzack

Transworld Business Brokers of Central Texas

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Sponsoring Broker:
Stephen Reesing

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