This Spa/Salon has provided stellar services in Chattanooga since 1990

Chattanooga, TN
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Asking Price:$75,000
Gross Revenue:$80,000
EBITDA:$40,000
Established Year:1990
Cash Flow:$40,000
Inventory:$10,000
FF&E:$11,000
BUSINESS DESCRIPTION

This upscale day spa features massages, special hair treatments, hair coloring, haircuts for men and women, hair styling, updos and other spa services by request. This spa/salon has a dedicated customer base, a desirable location, and all the supplies and equipment required for a steady, profitable operation. It has been in business for over 30 years in an advantageous location in Chattanooga's vibrant downtown. The outlook for this spa/salon is positive owing to the goodwill created by the current owner. It is a superlative niche business which is generally not affected by economic downturns. Charles Wood, President of the Chattanooga Chamber of Commerce, has stated, "...I do think we have really strong momentum coming out of the pandemic, and we're definitely seeing inbound migration. There is definitely economic and population growth here, but it is not at the scale you are seeing in metro Nashville People are looking at places like Nashville and wondering, will that happen in Chattanooga?"


DETAILED INFORMATION
Location
Chattanooga, TN
Inventory
Included in asking price
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A supplies inventory and a variety of Spa/salon equipment is included in the purchase totaling $21,000. The business also has a brand asset that has been known for quality and service in the Chattanooga area since 1990.
Competition
Downtown Chattanooga is a great location having several stylists in the area. It is estimated that the cost to launch a new spa/salon of this type is $62,000+. This spa/salon has everything it takes and more for the owner to be successful. The spa/salon has these favorable attributes: Current licenses and permits, a favorable location, well-maintained salon equipment (such as beauty supplies, sinks, chairs and hair dryers), inventory of hair products and insurance.
Growth & Expansion
The downtown Chattanooga area is vibrant and offers opportunity for growth. Chattanooga has benefited from the relocation trend in the U.S. primarily due to the ideal geographical location, reasonable home prices, the university lifestyle, pro-business culture and the copious outdoor offerings.
Financing
SBA Loan assistance available
Support & Training
The owner is willing to stay on a consulting basis to transition the business to the new owner. She definitely has the know-how and experience which has made her firm a steady, profitable business.
Reason for Selling
The owner is retiring.

BUSINESS LOCATION
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Mike
Costello
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Mike Costello