High End SPA with a twist – Great Location, NOLA: $299,000. 80% owner financing available

Listing ID : CGLA – 00139

Asking Price:$299,000

Cash Flow:$271,139

FF&E:$50,640

Inventory:N/A

Lease Rate/Sq. Ft.:$5,600/mo

Established:2006

Business Description

High Profit /High End Salon and Spa with a Twist – top location NOLA: $299,000

This is a very profitable -turn key – high end business in an incredible location in New Orleans. Salon surrounded by high end homes and retail in the area. Clients come in for the high-end treatment from all over New Orleans. Strong online leads and return clients.

The business has been redesigned in 2016 ( the current owner worked with a designer and spent way over $100,000 on the recent remodel) to switch from a regular Spa to an Upscale Salon and Spa with a Unique side business added (the owner added a twist to this business that will provide additional income for the new owner).

The spa got a complete makeover, with new design, new furniture, some new personnel, with the potential to make $1,300,000 – 1,500,000 per year in revenue from the services and products currently offered, which could bring you personally between $980,000 – $1,140,000 per year in net profit.

The business has been under construction / remodeling for the last 6 months of 2016 (reopened in January 2017), and it still had a net profit for the owner of $271,139 , before the Spa had this incredible make-over. Just the way things were before the remodel you were able to recover your purchase price money back in less than 2 years.

The salon is equipped with the latest and high end products in the nail and beauty industry. Prime location with highly desired salon location that includes street parking. No other salon of its kind in the area. Custom built filtration and vents, security cameras, towel warmers, and large product inventory to much more to list.

For additional information please contact the agent.


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
1/1/2032
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location has been completely remodeled with the help of a high end designer in the second part of 2016. The owner spent $100,000 on the remodel. Location is incredible in a high trafficked side of New Orleans, in the middle of a very seelctive
Competition:
No other business of it’s kind in the area. Salon surrounded by high end homes and retail in the area. Clients come in for the high-end treatment from all over New Orleans. Strong online leads and return clients.
Growth & Expansion:
Business is growing every single week, high demand for services. Business is Turn Key ready to take over for any new buyer with or without experience.
Financing:
yes. seller willing to finance large amount of the asking price
Support & Training:
30 Days of Support and Training Onsite, along with trips to vendors and suppliers.
Reason for Selling:
Owner has another business he must concentrate his efforts on.
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