Spa and Salon with a Medi Spa

Maryland

A busy upscale spa and salon with a Medi spa. The Medi spa has not been scaled and has a huge potential for growth. Management is in place. Owner currently does deposits, payroll, books and has meetings with management biweekly (working approx 20 hours a week). The salon is full service for nails and hair. The spa offers facials, waxing, body treatments, massage, reiki and stretching. There are 36 employees. Service providers receive commission and support staff receive hourly wages. 13 service providers are 1099.

Listing Number:

24653

Category:

Beauty

Location:

Maryland
$939,000

Financial Information:

Gross Revenue:

$2,182,478

Listed Price:

$939,000

Down Payment:

$0

Total Income:

$275,303

Year Established:

2004

Lease Information:

Square Feet:

4715

Total Rent:

$11,275

Lease Expiration:

12/2026

Lease Options:

2- 5 year options

Asset Information:

Leasehold Improvements:

$0

Equipment / Fixtures:

$100,000

Inventory:

$100,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

11

Part-Time Employees:

0

Special License Required:

Full Salon

Contract Labor:

13

Training Period:

2 weeks

Reason for Selling:

Health

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:

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Spa and Salon with a Medi Spa
Maryland

Listing Number:

24653

Category:

Beauty

Location:

Maryland

Listed Price:

$939,000
brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:

A busy upscale spa and salon with a Medi spa. The Medi spa has not been scaled and has a huge potential for growth. Management is in place. Owner currently does deposits, payroll, books and has meetings with management biweekly (working approx 20 hours a week). The salon is full service for nails and hair. The spa offers facials, waxing, body treatments, massage, reiki and stretching. There are 36 employees. Service providers receive commission and support staff receive hourly wages. 13 service providers are 1099.

Financial Information

Gross Revenue:

$2,182,478

Listed Price:

$939,000

Down Payment:

$0

Total Income:

$275,303

Year Established:

2004

Lease Information

Square Feet:

4715

Total Rent:

$11,275

Lease Expiration:

12/2026

Lease Options:

2- 5 year options

Asset Information

Leasehold Improvements:

$0

Equipment / Fixtures:

$100,000

Inventory:

$100,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

11

Part-Time Employees:

0

Special License Required:

Full Salon

Contract Staff:

13

Training Period:

2 weeks

Reason for Selling:

Health

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.