| Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840
|
|---|
| BUSINESS PROFILE |
Premier Salon and Spa Enterprise |
Location: Central, New Jersey
Years Established: 5 Years
Under Present Owner: 5 years
Gross Sales: $1,274,000
Cash Flow: $291,000
Inventory: $20,000
FF&E: $176,000
Number of Employees: 25 full time, 5 part time
Asking Price: $590,000
Reason for Selling: Other family interests
Lease Expiration: 2016
This is a high volume, high cash flow salon and spa enterprise. It is located in the heart of a large shopping district and is 4,000 square feet in space. It staffs an educated and professional team with the objective of providing clients with outstanding customer service and the best in quality products.
This is a premier salon, a spa and even more. It is also a complete business enterprise with four streams of income and 30 employees. In addition to the salon and spa, there is a small jewelry boutique.
Revenue has continued to grow each year. What sets this business apart from others in this industry is its ability to be a premier all access one stop beauty experience. Catering to the whole body, this salon enhances beauty with talented hair, skin, and nail specialists. Fashion is also highlighted with jewelry and accessories showcased in the jewelry boutique. The end result is an upscale sophisticated beauty experience. This combination has provided the benchmark for current success and the foundation for future growth.
A savvy, new buyer will build upon this strong foundation by developing a plan to increase cash flow from its four streams of income, especially the salon. The buyer will be able to expand by implementing a marketing plan which optimizes its one stop beauty strengths and keys on special programs to promote the addition of new clients.