High End Salon/Spa
High End Salon/Spa
Price: $695,000
Location: Cobb
Industry: Health and Personal Care Stores (NAICS 446)
Listing ID: 052120
This high end, award winning, luxury salon and spa is absolutely stunning. Customers are lavished with everything from the highest end salon chairs to the little touches like snacks and drinks. There are 22 full time and 5 part time employees. Revenue has increased from $1.28M in fiscal 2018 to $1.57M in fiscal 2019 to $1.61M in fiscal 2020 which ended March 31, 2020. The owner has a full staff in place and is mostly absentee and manages at her own pace. There is a full time director in place. They are in a high traffic upscale space located in the north metro area.
Gross Revenue: $1,610,000
Cash flow: $250,000
EBITDA: 250,000
FFE Included: 250,000
FFE: 200,000
Reason For Sale:
Retirement
Training & Support:
All that is necessary for a smooth transition.
Year Established: 2008
Days & Hours of Operation: 6 days
Owner Hours Per Week: 6 days
Employees: 27
Managers: 1
Square Footage: 2,600
Facilities Information:
Nothing was spared in building out this space to make it the most luxurious salon for miles around. Located on a busy thoroughfare in a very busy, high end center in a great neighborhood.
Competition:
It's the nicest place around which is why they have had consistent growth.
Potential Growth:
Plenty of room to grow.