Business Overview

Rated one of the top 100 salons in North America.

Featured in: Glamour Magazine // Women’s Day // Martha Stewart // Self

This COVID PROOF business is turn-key ready for a new owner with LIMITLESS growth potential. Current owner is part time and saying the business can easily be run absentee. The business has grown substantially and has not slowed down through pandemic.

Comes fully staffed with decades worth of brand awareness and a fantastic client base. Seller is ready to retire and this is the PERFECT opportunity to take over a thriving business with EXCELLENT cash flow.

Salon Spa and Bridal located in Saratoga Springs, NY — the Capital Region’s true beauty expert for more than 25 years. The staff works as a team to provide the best experience possible and ensure that every guest leaves feeling fab.

Whether you’re getting ready for a special event or just want to glam up, with a nationally recognized team you can make every day of your visit to Saratoga Springs fabulous! What we have learned and perfected is that most people want to look like the best version of themselves. Not like a makeup artist, not like a Kardashian, but the most beautiful version of themselves, and that is what we help YOU create. You will feel listened to, pampered, cared for, and YOUR version of FAB!

Now offering bridal beauty teams in Vermont and Massachusetts, plus trichology solutions for hair loss. Endless new product lines and services can be added to offer to the current customer base and attract an entire new generation of clients.

Fill out the “Contact Form” button NOW to request an NDA and receive the full offering memorandum for more info.

Financial

  • Asking Price: $360,000
  • Cash Flow: $160,177
  • Gross Revenue: $750,000
  • EBITDA: N/A
  • FF&E: $65,000
  • Inventory: $35,000
  • Inventory Included: Yes
  • Established: 1994

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,380
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lower level of a luxury boutique apartment complex (former hotel).

Is Support & Training Included:

30 days, or willing to stay on until the end of the year. The operations manager is a licensed pharmacist and can run the salon for an absent owner.

Purpose For Selling:

Pursue another venture.

Pros and Cons:

Long-established, name recognition, prime location.

Opportunities and Growth:

Room for more staff and freelance artists to take on more wedding business.

Additional Info

The business was founded in 1994, making the business 28 years old.
The deal does include inventory valued at $35,000, which is included in the listing price.

The company has 8 employees and is located in a building with approx. square footage of 1,380 sq ft.
The real estate is leased by the business for $3,038 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell companies. However, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is extremely vital that you not depend entirely on a seller's word, yet rather, make use of the seller's response in conjunction with your general due diligence. This will repaint an extra reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that revenue margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new consumers? Often times, businesses have repeat customers, which develop the core of their everyday revenues. Certain elements such as new competition growing up around the location, road building, and staff turn over can impact repeat consumers as well as negatively impact future earnings. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the possibility to construct a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the neighborhood mean house income effect future revenue potential?