Hillsborough County Salon/Spa

Undisclosed Address, Hillsborough County, NH
Business Opportunity for Sale
Catylist Listing ID: 30512037
Property Subtypes: Hair and Beauty
Building Size (RSF): 3,200 SF
Sale Price: $249,900
Year Business Established: 1987
Gross Revenue: $515,000 (Annual)
Cash Flow: $85,000 (Annual)
Sale Terms: Cash to Seller
Last Updated: 1/15/2020

Overview / Comments

Extremely popular and regionally renowned salon and spa, serving clients for over 3 decades.
This salon/spa has been dedicated to serving the greater southern New Hampshire area with the newest styles and trends from the ever-changing world of fashion.
Services include; hair, nail, skin, sun, and massage treatments
Sale assets include 8 tanning booths as an additional revenue stream of which 2 are conventional beds, 2 bronzing beds, and 4 power booths.
Salon to include 11 chairs, 3 pedicure and 3 manicure stations.
Open 6 days/week, high visibility with ample parking, great signage, easily accessible to highway.
Business services the communities of Amherst, Hollis, Milford, and surrounding towns.
Staff includes 8 technicians; 7 experienced and well loved stylists as well 1 highly trained esthetician resulting in a loyal customer base.

Sale includes Business Assets, FF&E, and Goodwill @$249,900.

Additional Details

Industry Segment: Beauty Salons and Barber Shops
Reason for Selling: Owner retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Real Estate Lease Description: 3200SF at $6700/month; includes taxes, CAM
Employee/Labor Description: 8 dedicated staff
Mgmt/Training Support Description: Owner will assist in the transition; 2 weeks - 1 month
Competition/Market Description: All inclusive, 30+years in business, loyal customer base, convenient for all beauty services and treatments.
Growth/Expansion Opportunities: Update social media, increase online sales to include retail, appointments, gift certificates, expand hours, host events, price increase on tanning. Semi- absentee owner
Seller Financing Description: negotiable, Seller will consider some owner financing to qualified buyer.

Contact

Photograph of Listing Agent

Kathy MacKinnon

RE/MAX Commercial Innovative Properties
NECPE Member
Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
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