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Eco-Friendly, High Volume, Salon and Med Spa for sale in Renton, WA

Renton, Washington (WA)

Asking Price: Gross: Cash Flow:
$ 150,000 $ 542,508 $ 68,878

Furniture and Fixtures Value:
$ 50,000 (included in the asking price)

Inventory Value:
$ 10,000 (not included in the asking price)

Business Summary:
Well established, successful, and money making, full service salon and med spa. Established in 2013, this business has grown successfully every year. T he current owner does not do any styling only manages the business and its employees. For a stylist buying this business the profits could be even greater. There are currently 4 stylists (40% commission), 1 esthetician (40% commission), 1 Doctor for the Botox (70% commission). The layout of the business is very appealing and customer friendly. The business offers hair design and hair color services (women, men, and children), styling, make up and wedding party services, eyelash extensions, eyelash perms, and lifts, organic spray tans, waxing, blowouts, micoblading, botox and fillers. There are 4 styling stations, a makeup station, 2 hair dryers, 3 esthetician rooms, a shampoo room with 2 shampoo bowls, and a lunch room with W/D and office. The business is well known for only using natural products and providing outstanding customer service and professional result. Added bonus most of the products are gluten free, wheat free and Vegan. The majority of the customers are repeat customers and the business has generally relied on word of mouth advertising and its website. The new owner could add additional services; i.e. massage, nail and pedicure services, increase the number of stylists and styling stations, and since the botox treatments just started in early 2017; the new owner could promote this lucrative service more. The Seller is retiring to follow new ventures. This is a high volume, high profit business.

 

   
Year Business was Established: 2013
   
Number of Employees: 5 FT  
   
Facilities / Terms of Lease: There are 4 styling stations, a makeup station, 2 hair dryers, 3 esthetician rooms, a shampoo room with 2 shampoo bowls, and a lunch room with W/D and office. T he business occupies 1500 square feet. The base rent is $2,049 per month plus $937 per month NNN charges. The lease runs till 2/28/2018 and has two 5 year extensions  
   
Potential Growth/Expansion: . The new owner could add additional services; i.e. massage, nail and pedicure services, increase the number of stylists and styling stations, and since the botox treatments just started in early 2017; the new owner could promote this lucrative service more.  
   
Competition: This salon and spa has built its reputation on customer service, knowledgeable and professional .employees, a full service concept that appeals to the customer base, and the use of only organic and eco-friendly products which enhance the customerís experience. By adding Botox and fillers the business has easily expanded in the the med spa field with a built in client base.  
   
Owner willing to finance: Cash  
   
Owner willing to train: The Seller will provide one week of onsite training on the day to day operation of the business.  
   
Reason for selling: The Seller is retiring to follow other ventures.  
   
Seller Reference Number: hfngModa
BusinessMart.com Listing Number: 212633
 

 

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For more info contact:

Kirk L. Edwards

KR Business Brokers
206.391.7365

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