Salon for Sale

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Salon/Day Spa in the Heart of Downtown Beverly, MA
Asking Price:
$47,500

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Beautiful designed Salon with a natural ambiance and window frontage to Cabot Street and its downtown beat. This salon boosts three stylist stations with the potential to add another. The Shampoo Bar has two sinks and built in storage space for towels, product, and laundry. It also has a treatment room in the back that currently occupies the owner of the salon who is an esthetician. The esthetics equipment is not a part of the salon sale but the esthetician would like to stay with hopes of renting the esthetics room. This is a well-designed 600 square foot salon with basement space available for expansion. The potential to pay less than the current market value for a single chair rental along with income generated from the other two chairs and the esthetics room makes this the perfect opportunity for a stylist entrepreneur. The low overhead and cost of doing business allows for a no stress business opportunity.

About the Business

Location:
Essex County, Massachusetts
Year Established:
2016
Number of Employees:
2
Home Based:
Yes
Real Estate:
Leased
Building Sq. Ft.:
600
Rent:
$850.00 Per Month
Lease Expiration:
12/31/2023
Facilities:
This 600 square foot salon includes the cost of the build-out of a new salon, fixtures, furniture, product, supplies, clientele names and address of 1300 guest of the salon. There is a newly transferable 5-year lease with option to renew. Parking is available on street and also there is a parking lot that sits to the rear of the building.
Website:
bloombeauty.biz
Market Outlook/
Competition:
Beverly has other salons as most towns do, however Beverly is currently growing in leaps and bounds in the development of residential buildings which has increased the influx of potential business growth. This has become a destination town for locals and visitors alike. With the support of the organization “Beverly Main Streets” The downtown of Beverly is always bustling with theater goers, restaurants, shoppers, and sight seers.
Growth & Expansion:
The salon has the potential for growth with the added unfinished space in the basement. There is the possibility for spa services, retail, nail salon space, etc. There is also space on the main floor where an additional styling station could be added and currently a make-up bar which could create the opportunity for the bridal business.
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About the Sale

Reason For Selling:
I am selling do to medical family issues
Training/Support:
The current salon owner would like the opportunity to rent her current work space to continue providing all esthetics needs. She would be happy to provide whatever help the new owner needs through this transition.
Seller Financing:
to be determined

Listing Info

ID:
1447369
Ad Detail Views:
0


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Business Listed by
SHERRY MURPHY

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U.S. Census Data for Essex County, MA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Essex County, MA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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