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#Business ID: 16016

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Salon and Med Spa in Southern NH

Business Location: Southern NH, New Hampshire, United States

Asking Price: BUSINESS SOLD Revenue: $ 780,000 Cash Flow: $ 110,000

[Furniture / Fixtures included]

Business Summary

Sales for 2013 projected to be about $800,000 and Seller's Discretionary Earnings to be about $110,000. This business is a well-established, unique Salon and Med Spa with a 25 year plus track record. It is one of the premier, full-service Salons and Med Spas in southern NH. The beautiful and modern Salon has been renovated recently and is fully equipped with everything needed to provide the variety of services offered. Attractive, long-term lease in place. The employees are well-trained, customer service-focused, and professional creating a pleasant and welcoming atmosphere for customers and employees alike. There are over 8000 customers in their growing database. This helps the business stay in contact with their customers and informing them of new promotions or services being offered. The Salon Services offered include: Hair Cutting/Styling/Coloring; Nail Services; Waxing; Facial Treatments; Massage Therapy; Medical Spa Services include: IPL Rejuvenation; Plastic Surgery; Skin Tightening; Permanent Hair Reduction; Botox; Chemical Peels; Microdermabrasion; Cosmetic Dentistry; and several other services. The owner has created a turn-key business with experienced management and highly trained employees that could be operated by someone from outside the Salon and Spa industry but with experience in business management, sales and marketing. Also, there is book keeping and business management (scheduling) software in place to help a new owner in managing the business. The owner is willing to provide training to ensure a smooth transition. This is an excellent opportunity to acquire a well established Salon and Med Spa at a market price with seller financing. Contact broker, John Coto at 603-880-8200.

Property Details

Years Established:

1988

Property Type:

Lease

FF&E:

$ 150,000

Inventory Value:

$ 40,000

Other Business Details

Premise Details:

Facilities: The business leases approximately 3600 sq. feet with off street parking first floor of small strip plaza.Fully equipmed spa and salon. About $150,000 of equipment at current value.

Competition:

Competition: Unique Salon and Med Spa with excellent reputation; Llimited competition in the area.

Expansion Potential:

Growth/Expansion: May be achieved through increased marketing. Also, new full-time owner could reduce payroll expenses and increase earnings. Current owner takes extensive time off.

Business Operation Details

Employees:

22

Support & Training:

Support/Training: Seller will provide 2 weeks of training immediately after closing. Additional time negotiable.

Miscellaneous Details

Financing Available:

Yes
Financing: Seller financing to a qualified buyer. Term negotiable.

Reason For Selling:

Reason Selling: Relocating out of the area

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