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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Elegant Day Spa
(Hair and Beauty)
Hunterdon County , NJ
Listing ID: SLN174

Listing DetailsGross Revenue: $ 607,821
Cash Flow: $ 100,700
FFE: $ 120,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The owner is retiring after many successful years in this industry.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2001
Days & Hours of Operation: Tues.-Sun. 9am-6pm/7pm
Non-owner Payroll: $ 33,330
Employees: 16
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 2900
Facilities:

The business is located in Northern / Western New Jersey on an active county road close to various highways. This spa services various affluent communities throughout Somerset, Morris and Hunterdon County. This retail facility, which consist of multiple floors and 2,900 square feet has a quaint and attractive appearance. The business is in a beautiful older Victorian building on a commercial avenue. There are 7 treatment rooms, commercial retail space, 2 waiting rooms, and an employee breakroom.


SummaryBusiness Description:

Exclusive Spa offering various personalized services to its long-standing clients with a gross income of $607,814 and a net yearly income of $100,700. This highly successful business is available due to owner’s retirement. The spa has a wonderful professional reputation with additional growth available by instituting new services which can include hair salon service, medical cosmetic treatments, and product sales. The business has approximately 500 steady clients, they perform approximately 1,200 facials and 1,746 massages yearly. The salon is in a most affluent area of Hunterdon County, New Jersey and conveniently located near various state highways for customer’s convenience. The company is very proud of its highly experienced, certified professional staff / therapist, nail technicians and estheticians who maintain the daily operation. The spas staff has been with the company for many years and have helped achieve their reputation for delivering professional high-quality service to their loyal base of clients. They offer a wonderful experience in a relaxing old-world setting where they strive to make every client feel special and appreciated. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 32% investment return to the owner operator prior to debt service. This company has sixteen full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $33,330. This successful salon spa business operation is active six days per week, closed Monday, with hours from 9:00 am to 6:00 / 7:00 pm. This business transaction also offers the purchase the property and based on a 25-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Although competitors presently exist in the industry, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The salon can offer additional services such as hair and color, tanning, medical beauty treatments such as Botox and Juvaderm services.


Financing/Terms:

Can be considered to a qualified buyer.