Very Profitable Salon and Day Spa in the Baltimore-Washington Area

MD

Very Profitable Salon and Day Spa in the Baltimore-Washington Area
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Asking Price: Get Financing: $565,000

Cash Flow: $290,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: $150,000

Inventory: $30,000*

Established: 2006

*not included in asking price.

Very Profitable Salon and Day Spa in the Baltimore-Washington Area

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Business Description

Salon & Spa in Balto - Wash Area

Full service high-end luxurious salon and day spa, very well known within its market in the Baltimore-Washington area. This is a spectacular opportunity to own a very successful and profitable salon and spa. Services include, among others, women's, men's, and children's haircuts, styling, coloring, conditioning, manicures, pedicures, waxing, facials, massage, makeup, bridal and specialty packages. Retail beauty products and gifts items are sold.

Bank financing is available to qualified buyers.

Detailed Information

Inventory:
Not included in asking price
Employees:
Approx. 25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business leases approximately 3,500 square feet on ground floor of a commercial office building. The location has very good visibility, ingress and egress, and parking. Base rent is $4,700 per month, or $56,400 per year, plus utilities. Landlord pays taxes, insurance, and CAM fees. Lease term is 3 years with one 3 year option thereafter. Additional option term can be negotiated. Leasehold improvements, furniture, fixtures, and equipment are recently new and present extremely well.
Competition:
This salon and spa is the best known and most popular such business in its market. Local awareness and client references are outstanding. There is no significant competition in its local marketplace.
Growth & Expansion:
The subject salon and spa has continued to grow in sales revenue and profitability in excess of industry norms locally and nationally. This is due to superior location and service. This trend should continue into the future.
Support & Training:
Seller is flexible regarding necessary transition training.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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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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