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High End Spa & Salon In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$149,000
Sales Revenue:
$514,832
Cash Flow:
$82,240

LISTING ID # 31207

High End Salon & Spa - Well Established. Major Price Reduction! They are open only 4 days - closed Sunday, Monday & Tuesday. Established for 13 years with the same owner/operator, this is a full service salon and spa. They offer an 1800 sq. ft space that is half salon and half spa. They offer everything from facials and massages to spray tans and threading. The owner is looking to retire from full time ownership. The business is fully staffed (3 F/T and 9 P/T employees) and the owner only sees 8% of the overall clientele right now, working 2 days per week. She is happy to stay for a reasonable training and transition period, post closing. You are buying a great reputation, tremendous goodwill, and solid profits. In the past year, the business grossed approx. $514,832.00 (80% salon and 20% spa) with a net income of approx. $82,240.00. In addition, they have their own private label collection as well as some very exclusive product lines. The facility is well-appointed and tranquil, but also includes a video camera system and state-of-the-art software program that manages everything from appointments to payroll and inventory. In fact, a retail boutique was added in 2016. We are looking for a serious and financially qualified buyer with at least $90K in liquid capital to cover the down payment, inventory, and working capital. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Business Operation

Reasons for selling:

Retirement

Employees:
3FT/9PT

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

90,000.00 Down & $59k over 35 months at 6%

Furniture / Fixtures value:
$100,000
Inventory / Stock value:
$5,000

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