Beauty Salon Day Spa For Sale

Business description

Own a premier World Class full service San Diego Beauty Salon and Day Spa. This Beauty Salon and Day Spa is located proximate to the most affluent San Diego communities with no immediate competition in their product and service offerings. This brand new facility is exquisitely appointed with rich inviting decor and atmosphere. The facility offers a comprehensive selection of Hair and Beauty Treatments, esthetician services, massage and body works.

Marketing Summary:
Customer profile consists of medium and high net worth individuals who have access to discretionary income seeking Professional Beauty, aesthetic and spa care, ranging in age from early 20s to 70s. The gender distribution is typically 80% females and 20% males. Clients come from the affluent surrounding residential areas. Steadily Increasing Revenues; Limited Competition; No Comparable Services in the Newly Developed area.
Hours and Staffing:
Hours of operation are Mon-Sat 10am to 7pm. The business is staffed with a 7 full-time beauty providers, 4 full-time treatment providers, 4 full time assistants and 7 contract beauty providers. Seller has no reason to believe that employees will not stay on after the transfer of business.

Area and Facilities:
State-Of-The-Art Facility & Equipment; Facility is Multi-functional. Seller can stay on as a service provider; long attractive Lease. Business is located proximate to the most affluent communities in San Diego. The lease expires in 2017. The base rent is $2.50 sf/month (4,000 sf). Annual increase of 3%. CAM fees typically are .50/sf/mo.

Company History:
Sellers are beauty service providers. Several factors unrelated to this business have lead the seller to offer this opportunity for sale.

Financial Summary:
Sales average $72,140/mo. Gross Profit averages $36,300/mo with a Net income averaging $16,925/mo annualizing to a Net Income of $203,100

Property information

Real Estate:

Lease

Lease terms:

Leased location of 4000 sf with a total rent of $12,000. Seller is active in the business with 16 FT employees and 7 Contract laborers. $450,000 Leasehold improvements.

Other information

Support & training:

2 weeks

Reasons for selling:

Simplify/Consolidation of Debt

Trading hours:

10 - 7 M - Sat