Established Denver Area Salon & Spa

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Asking Price:
$260,000

Gross Revenue:
$311,000
Cash Flow:
$114,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$32,000
included in asking price

FF&E:
$176,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Summary
This well-established company is one of the largest individually owned Salon and Spas on the front range with over 5000 square feet of space in the perfect retail location. Their service offering includes complete hair care services, nail services, massage, esthetician services, and an extensive selection of retail beauty products. As is typical in the Salon & Spa industry they operate as a Booth Rent facility with the stylists renting stations and working as contractors. The company has only three part time front desk personnel. Current ownership has invested heavily in the buildout of the facility and offers a new owner the opportunity of a proven revenue stream without the huge expense of building out a facility from scratch.

About the Business

Location:
Colorado
Number of Employees:
3
Facilities:
The Salon is in a high traffic, extremely affluent neighborhood facing a major thoroughfare. The space is leased with a 5-year renewal due in early 2020. This is truly a turn key opportunity with everything included necessary to run the salon and spa.
Market Outlook/
Competition:
Current ownership does not view any true competitor in the immediate area that has the facility to offer the wide range of services that they do. They have remained competitive by focusing on their strengths. Ownership supports their booth renters with numerous amenities.
Growth & Expansion:
Given the demographics of the area and explosive growth of the immediate business community, the outlook for this simple business’s services is bright. New ownership that has the marketing savvy to implement an internet-based marketing plan that leverages social media and off the shelf software has a tremendous opportunity to take this company to the next level.
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About the Sale

Reason For Selling:
The current owners plan to retire
Training/Support:
The current owners plan to retire but are willing to train the new owner for 30 days free.
Seller Financing:
TBD

Listing Info

ID:
1667243
Ad Detail Views:
429

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Business Listed by

JEFF BALCH

Crestone Business Group
License# FA 100083415

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