Boston Area Salon and Spa

Business Description

For sale is a 34-year-old Boston-area luxury salon and spa. The business is a 5,000-square-foot facility with 25 styling stations, a tranquility lounge, and four large treatment rooms, making it one of the largest salons and spas in Massachusetts. Services include hair styling/cut/color, facials, waxing, nails, straightening/treatment/extensions, laser, massage, lash lifts, microdermabrasion, makeup application, lash extensions, and spray tans.

They have consistent revenue growth and a large clientele base (88% repeat clients), due to their 5-star customer service and follow-up appointment system. Hair coloring makes up 42% of revenue, and hair styling/cutting makes up 41% of revenue. The average order value per customer for regular ticket services ranges from $100 to $200, and big-ticket services range from $250 to $450.

They currently have a staff of 50, including one full-time manager and one part-time manager who are trained to run daily operations. The new owner has the opportunity to scale the business in the following ways:

  • Utilize the nail area to incorporate medical spa services.
  • Add a boutique to the business that can sell jewelry, handbags, comfort clothing, hats, gloves, and health products.
  • Lease out their space for beauty brand fashion shows, charity events, and other group events by different beauty product companies.
  • Hire new stylists to facilitate every station in the salon (they are currently operating at 55% capacity across service types).

This listing requires seller approval for the CIM. We appreciate your patience as we receive approval and we will send you the CIM as soon as possible.

Financial Overview

Asking Price: $750,000

Revenue: $1,920,000

Income: $250,000

Multiple: 3x

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