Property Details

Upscale and Modern Eastside Salon and SPA - Rochester

Property ID : WSD24.277

For Sale $138,300.00 - Beauty/Hair Salon

DESCRIPTION:

  • An Upscale and Modern Beauty Salon and Day Spa, located in a suburb east of Rochester.
  • It specializing in hair design, hair color, manicures, pedicures and make-up.
  • 2,300 square foot salon that includes 8 Hair Styling Stations, 2 Pedicure Stations, 4 Hair Washing Stations, and two separate rooms for massages and skin care.
  • It currently has a dedicated staff of 2 full time stylists that assist the part-time owner in the operation of this salon, loyal customers, and excellent online reviews.
  • The furniture and equipment are modern and in excellent condition.
  • The owner is willing to finance and train a qualified buyer if necessary
  • This Salon has been open only 40 hours per week since it was opened in 2005

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):

  • Furniture, fixtures and equipment, fair market installed value of $ 27,500
  • Inventory (retail goods and supplies), valued at seller’s cost of $ 11,000

 LEASE ARRANGEMENTS:

  • The Base Rent is $ 3,336 per month with additional CAM charges $ 2,835 per year
  • Current lease expires on December 31,2022

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

     2020 (in operation 9 months)  2019           2018            2017 

Sales:          $ 225,214                    $ 326,710     $ 275,809      $ 305,755

SDE:            $     6,081                    $   67,896     $   55,417      $   54,514

 

PRICE/FINANCING:

  • Asking price is $ 138,300.
  • Seller financing is available to a qualified Buyer.

COMMENTS:

  • Total, turnkey opportunity, no extra investment needed. By adding additional hours of operation, days, and hiring more stylists, pedicurists, and aestheticians, sales and net income could easily double at this location.

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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