Hair and Beauty Salon and Spa with Real Estate
Wisconsin
| Asking Price: | $1,250,000 |
| Gross Revenue: | $1,096,276 |
| FF&E: | $187,945 |
| Established Year: | 2005 |
| Cash Flow: | $245,678 |
| Inventory: | $28,379 |
| Real Estate: | $900,000 |
Listing ID: 2216047Listing provided by BizBuySell
BUSINESS DESCRIPTION
Profitable Salon with growth potential
A salon and spa between Madison and Milwaukee that offers a wide range of services catering to the needs of its sophisticated clientele. The staff (all W-2 Employees) is excellent and are trained to provide personalized attention, ensuring that each guest feels valued and pampered throughout their visit.
The owner spends about 25 hours a week with clients and then spends about 15 hours a week on administrative tasks and employee relations.
DETAILED INFORMATION
Location
Wisconsin
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,144
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facility was built in 2005. The owner had run a salon for about 10 years prior to opening this location. She had the facility designed to accommodate her clients and staff comfortably. The location was updated in 2019. During the COVID pandemic they also installed a high-end air scrubbing system. She has extensive cleaning and organization protocols in place to keep the facility looking like new.
The parking lot was repaved in 2022. There are no pending repairs or updates needed to the building.
Growth & Expansion
The business is only open 38 hours a week. With recruiting and possibly adding some stylists that lease chairs (a hybrid model) and adding other services (microderm abrasion and aesthetic services).
Financing
Lender pre-screened with $125,000 down.
Reason for Selling
Owner would like to scale back her hours and just style hair for a few more year
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