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High-End and Profitable Salon and Spa in Suburban

An upscale salon and spa in Norfolk County is available for sale. In business for only four years, this business has been highly profitable and generated $700,000 in revenue in 2007 and a cash flow for the part-time owner of $150,000. 2008 projections show an increase in revenue and cash flow over 2007. The salon and spa offers services for both men and women, including hair, nails, massages, facials, body treatments, waxing, makeup and tanning services. They also sell high-end beauty products that cannot be found at any competing salon nearby, such as Goldwell, Phytologie and Jane Iredale mineral make-up. This salon and spa has been successful by providing multiple superior services in an upscale setting. The business occupies 4,000 square feet of space, and rent is only $4,000 per month. The owners invested in a $500,000+ build-out four years ago and created a space that is open and airy, with multiple waiting areas and treatment rooms. All of the furniture, fixtures and equipment are essentially brand-new, and have a high-end and upscale appearance. There is also room to expand within the existing framework and rework the space.