Empire Business Advisors, a merger and acquisition firm, represents an Upscale Salon and Spa. Founded in the 1960’s, This upscale salon and spa has been serving northwestern Ohio and the tri-county area with exceptional salon and spa needs. The current owner acquired ownership in 2005 and has worked meticulously with the stylists to provide top notch quality service to the community. They are a full-service salon and spa offering a range of professional services in a comfortable, welcoming environment. The team provides precision haircuts, expert color, natural-looking highlights, and texture treatments to suit each client’s style and needs. Additional services include facial waxing, spray tans, and styling for special events. Using quality products and modern techniques, they focus on delivering results that are both polished and practical, ensuring every client leaves feeling well cared for. The spa side offers facials and electrolysis services. Each treatment is approached with attention to detail. The salon and spa also offers a full suite of specialty products available online and shipped directly to your door.

• 2,330 square feet of space
• 3 Full-Time Stylists
• 5 Part-Time Stylists
• 2 Contracted Stylists
• 4 Wash basins
• 2 Hair drying stations
• 2 Bathrooms
• 10 Stylist chairs
• 3 Treatment rooms
• 1 Large office
• An inventory room
• A spray tan room
• A product section

INVESTMENT CONSIDERATIONS

There are numerous benefits for the buyer who purchases this established business, including:
• The company has been in business since the 60’s, and its focus has always been on providing the best quality and service for their customers.
• No one customer makes up a significant percentage of their sales revenue.
• Future significant growth is easily accomplished by simply adjusting hours of operation and adding additional services.
• The business has not been significantly impacted by the economy or COVID.
• Current manager is willing to remain in a part-time capacity.
• Business is largely absentee run by the current manager. Owner’s current involvement is very limited.
• This business opportunity is also unique in that it is not at capacity and has no major capital investment required. Salon was updated top to bottom in the last 5 years.

FINANCIAL INFORMATION

12/31/21 12/31/22 12/31/23
Sales $402,716. $473,442. $507,451
SDE $112,905. $107,307. $169,891

REASON FOR SALE

The owner has reached a point where they are happy with the progress they have made with the company and are ready to retire and spend time with family and friends.

PRICE

The purchase price for the business is $295,000, which includes the following assets of the business:
Equipment
Inventory
Decorations
Fixtures and Furniture
Goodwill

The information contained in this document is provided solely as a guide to some of the more commonly asked questions regarding this business. The broker, or his agent, has not verified this information, and we do not guarantee the accuracy of this information.