Salon and Spa in Vienna, VA

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Business Description

Quaint Salon and Spa in Vienna, VA. Current owner is the only employee, however she rents out 3 Rooms to others. Offering Hair, Facials, and Massage. Current owner will stay and Rent the 4th available room from the new owner. Total monthly rents collected with the current owner's rent would be $4,180 per month. This would easily cover the Rent and Utilities with a little left over. This is the perfect situation for a Stylist with their own clientele looking to be they're own boss. With the Rents collected it would allow a new owner to keep every dollar earned from their own work. The $108,000 Gross Revenues is the amount the current owner generated from her own efforts/clients. The cash flow of $6,000 is the annual amount after paying the Rent and Utilities from the total Rent for rooms collected.

About the Business

Location:
Vienna, Virginia
Year Established:
2016
Real Estate:
Leased
Building Sq. Ft.:
2,200
Rent:
$3,193.67 Per Month
Lease Expiration:
9/30/2020
Facilities:
2,200 Square Feet, with total current monthly rent of $3,193, and a Lease Term of One Year.
Market Outlook/
Competition:
Standard Salon and Spa competition in the area.
Growth & Expansion:
Building your own clientele along with doing more marketing and advertising to let everyone know you are there.
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About the Sale

Reason For Selling:
Doesn't want to own, wants to be Part Time Stylist.
Training/Support:
Seller will give 2 weeks of Training/Transition if needed.
Seller Financing:
Negotiable

Listing Info

ID:
1679984
Ad Detail Views:
189
Asking Price:
$55,000

Gross Revenue:
$108,000
Cash Flow:
$6,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$9,000
included in asking price

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Business Listed by

Gary Steven Russell

G. S. Russell Business Brokers and Advis

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