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Large Professional Hair Salon And Spa For Sale
Location: United States -> Maryland -> Baltimore County
Industry: Hair and Beauty > Beauty Salons and Barber Shops




Business Summary

Successful with over 30 employees since 1998. Offered at $365K.

- Established 1998, profitable every year, with sales over $1.2M
- 2012 projected cash flow to exceed $220,000
- Advertising has been negligible despite the growth in sales
- A new owner could significantly boost sales with internet advertising (never been done by current owner)
- Three managers will stay on and run absentee for new owner
- Owner is willing to stay on in a consulting role for a brief period
- 70 percent of revenue from hair-related services, the balance coming from nail and skin care and spa-related offerings.
- Very little competition in this upscale, full-service market
- Located in a very busy Regional Mall with high-end anchors in the Baltimore-Washington corridor


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,200,000
Cash Flow:   $220,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $20,000
Seller Financing:  Yes

About The Business

Year Established:  1998
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Available
Reason For Selling:  Retirement

Photos

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Large Professional Hair Salon And Spa For Sale Photo 1




Print Listing Id: 700180842
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Related Searches: Beauty Salons and Barber Shops  >  Hair and Beauty Supplies Retail and Distribution  >  Tanning Salons  >  Other Hair and Beauty  > 

Also See: Franchise Opportunities > Franchise Resales > Maryland Businesses For Sale > Maryland Franchises For Sale > Maryland Business Brokers



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