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Hamptons Spa & Salon In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$175,000 (USD)
Sales Revenue:
$514,832 (USD)
Cash Flow:
$82,240 (USD)

Hamptons Salon & Spa - Well Established. Major Price Reduction! Owner ready to retire! They had a nice bounce back in 2021. The business has been established for 14 years with the same owner/operator, this is a full service salon and spa. They offer an 1800 sq. ft space that is half salon and half spa. They offer everything from facials and massages to spray tans and threading. The owner is looking to retire from full time ownership. The business is fully staffed (3 F/T and 9 P/T employees) and the owner only sees 8% of the overall clientele right now, working 2 days per week. She is happy to stay for a reasonable training and transition period, post closing. You are buying a great reputation, tremendous goodwill, and solid profits. In 2019 the business grossed approx. $514,832.00 (80% salon and 20% spa) with a net income of approx. $82,240.00. In addition, they have their own private label collection as well as some very exclusive product lines. The facility is well-appointed and tranquil, but also includes a video camera system and state-of-the-art software program that manages everything from appointments to payroll and inventory. In fact, a retail boutique was added in 2016. We are seeking a serious and financially qualified buyer with at least $175K in liquid funds to cover the asking price and inventory. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Retirement

Employees:
3FT/9PT

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

175,000.00 Down & Possible for a well qualified buyer.

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$5,000 (USD)

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