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Listing ID: 2805933

Salon, Spa & Fitness Business For Sale

Baltimore, Maryland, United States

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 115,966

Cash Flow: $ 11,516

Business Description

This is several businesses in one! They do everything under one roof. It has a fitness facility, a hair salon, provides massages, manicures, pedicures and tanning services. The operation is conducted with limited employees by renting out the stations to other stylist and massage therapist on a monthly basis or commission split arrangement. The current owner operates the business as an absentee owner. This is the perfect business for a stylist who wants to venture out on their own and keep 100% of what they earn. With a full-time owner focus, this business is poised to do extremely well.

Property Details

Years Established:

7

Property Type:

Lease

FF&E:

$ 20,000

Inventory Value:

$ 700

Other Details

Business Location:

This business is in a 5000 square foot building.

Competition:

There are other hair salons, fitness facilities and nail spas in the area; however, none of them perform all these services in one building.

Expansion Potential:

A full-time owner-operator with salon experience would do extremely well. Conducting more social media advertising will help drive additional traffic to the store.

Operation Details

Employees:

4 PT

Trading Hours:

Mon-Fri 10am-7pm; Sat 10am-5pm

Support & Training:

Will train for 4 weeks @ no cost. The current owner has never cut hair, performed massages or polished nails. The owner only concentrated on running the business and expanding services. To perform the actual services a new owner would need to have the required licenses in Maryland. The current licenses held by the owner are a Salon Owner License, a Sales Tax License and a Traders License.

Miscellaneous

Financing Available:

Yes
$20,000 Down/ $43,000 for 60 mos. @ 7%

Reason For Selling:

Other Business Ventures.

SITE_NAME

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Registered Address:
Dynamis Limited. Dynamis House, 6-8 Sycamore Street, London, EC1Y 0SW. United Kingdom.
VAT No. 747791385 Company
Registration Number: 3788210

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