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Salon & Spa For Sale
Location Nevada,United States
Asking Price Range < $250K
Gross Revenues $165491
Net Profit / Cash Flow $38784
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 10 - 19
Inventory 1800
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide training
Reason for Sale Other business interests
Description PROFITABLE LAS VEGAS SALON & SPA. This 8 year old, full-service beauty salon and day spa is in the growing northwest part of Las Vegas side of Las Vegas, bordering the Summerlin community, with nearly 150,000 moderate to high average income households within 5 miles of the busy neighborhood retail center location. Within the 2,800 square feet of space, there are 18 stations and numerous private rooms for estheticians, pedicurists, manicurists, and message therapists, a beautiful front desk and lobby, employee break room, and towel washing and drying room. Most of the stations are occupied by renters. The average hair renter has been with the company 3.5 years and the renters for other services have been renting for an average of 4.5 years.
Total income, for this outstanding business, was up 4.8% during the first 10 months of 2012 when compared to the same period in 2011. This business has enjoyed consistently-high station occupancy over the years, and has a seasoned Seller, who would stay as a steady private room renter, at new owner's sole option. It has good immediate expansion opportunities: One nail station is available to rent (vacant) and the pedicure triple-station is underutilized. This business has a very nice website, and periodically does mailings to its large database of past customers. All furniture, fixtures, and equipment will be delivered free and clear of any encumbrances.
The Seller's husband is an accountant, and maintains the records of this business. For the right Buyer, on a Case-By-Case basis, the Seller would accept $79,800 with half down and a note for the balance. For a presentation and full valuation of this business, please contact Len Krick, Broker 702.856.4701.
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