Search Glossary of Terms

Listing Broker Information

Brian Stephens
Certified Business Intermediary (CBI)
Certified Business Intermediary. Real estate, marketing, project management expertise for oil companies - Texaco, Shell and Saudi Aramco. Business development manager of restaurant chain. Designed and operated El Sombrero Restaurant and Cantina in Atlanta,GA. Business owner and partner of other ventures. MBA from Loyola College in Baltimore. Active member of IBBA,BBF, FBBA, various charities, and community leadership. Proud father of three and husband of a wonderful woman.

Brian@empiretampabay.com

phone: 813-248-8111 / 813-571-7700

 

  Contact Information
Businesses for Sale
 

Listing Information
 
Massage, Hair, Nails Salon
Listing ID: 0006: The Premiere Salon & Massage – Hair, Nails and More* Location: Eastern Hillsborough  
Brief:
The Premiere Salon & Massage is an upscale full service salon and day spa located in the Eastern Hillsborough area of Tampa Bay, Florida. They offer full range of hair services including coloring, cutting, styling, chemical and extensions; nail spa - natural and artificial nails; skin care including facials, waxing, micro-dermabrasions, chemical peels, etc; body treatments; massage therapy; make up artistry; gift certificates, spa packages, bridal services. They have a very large database of loyal repeating customers. They are open Tuesday through Friday from 9AM to 7PM and Saturday from 9AM to 6PM – closed on Sundays and Mondays. Owner manages the business but does not perform any of the services. Obviously, a working owner could pull a larger percent of profit in business if working owner chose to work in the business.
Listed Price: $250,000
Total Sales: $420,000.00
Seller's Discretionary Earnings: $77,000.00
Fixtures Furniture, & Equipment: $125,000.00 (Included in Listing Price)
Real Estate: $250,000.00 (Included in Listing Price)
Inventory: $500.00
Financing / Terms: To be determined for right buyer.
   
Business Information
Year Established: 2005
Number of Employees: 5 Full Time / 6 Part Time
Days and Hours of Operation: open Tuesday through Friday from 9AM to 7PM and Saturday from 9AM to 6PM – closed on Sundays and Mondays
Relocatable: No
Franchise Information: Not a franchise
Facilities / Location: The Premiere Salon & Massage has a very popular location with plenty of parking and easy access The interior is beautiful decorated to provide a relaxing, intimate environment designed efficiently to provide a vast array of services. Property is leased till the end of 2010 and extension of lease can be arranged. It has 2,186 square feet under roof. Building was built in 2005 and it is part of modern, popular shopping area. It has beautiful surrounding area. Equipment is relatively new, excellently maintained and in great shape.
   
Lease Information
Lease Expiration Date:
Option: possible rent reduction in January 2010
Monthly Rent: $5,400.00
   
Additional Information
Reason for Selling: Retirement
Business Description: The Premiere Salon & Massage is one of the largest full service salon and spas in its market area. It is definitely one of the most popular. There are no real competitors for few miles around. Its location gives it exclusivity and convenience, while adding to its prestige. The Premiere Salon & Massage’s customers mostly middle and upper middle class living in the market area.
Potential for Growth: Sales have been growing steadily at the rate of about 10% each year. Owner continuously advertises. Additionally, they are involved in community events. They strive to attract new talent through networking, constantly emphasizing the value continuing education, allowing their team to stay on top of latest trends, techniques and inventions.