Beauty Parlor and Spa
Business Opportunity
for Sale
| Catylist Listing ID: |
30439187 |
| Property Subtypes: |
Hair and Beauty
|
| Building Size (RSF): |
2,678 SF
|
| Gross Land Area: |
14,000 SF
|
| Sale Price: |
$499,900 |
| Name of Establishment: |
Not Disclosed |
| Year Business Established: |
1998 |
| Gross Revenue: |
$250,000 (Annual) |
| Cash Flow: |
$150,000 (Annual) |
| Last Updated: |
9/16/2020 |
Overview / Comments
This unique property is on the corner of Warwick Ave and Ridgeway. The elegant Victorian architecture and condition of this mixed use property is excellent. Vinyl sided and newer windows are only part of the upgrades this property affords.More than enough parking and a rented 2 car garage Currently the 1st floor is a hair salon and spa doing nails, massages, etc. There is additional functional space in the basement level as well including a kitchen and full bathroom.
The upper level is a top quality renovated 2 bedroom apartment. Can be owners unit or rent out for $1300 a month. Currently apartment is leased but will be MTM soon. by choice as this is a perfect work/live in building. With garage income and residence total gross income would be around $21,780. Both have separate gas and electric utilities.
This building could be used for a law office, CPA firm , Real Estate office ,, etc. Price differential is with or without the business and fixtures.
|
Additional Details
| Nearest MSA: |
Providence-Warwick |
| County: |
Kent |
| Industry Segment: |
Other Hair and Beauty |
| Reason for Selling: |
new business venture |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$35,000 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$499,900 |
| Real Estate Lease Description: |
This beautiful maintenance free property is an absolute turn key operation. Complete new 2 bedroom apartment upstairs to either rent or live in. |
| Employee/Labor Description: |
5 stylists |
| Mgmt/Training Support Description: |
will stay on for transition to help in retaining clients. May also rent a chair part time indefinitely. |
| Competition/Market Description: |
No other high end spa nearby |
| Growth/Expansion Opportunities: |
Densely populated area |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,201 |
83,295 |
200,038 |
| Median Age: |
41.97 |
42.31 |
41.58 |
| Households: |
4,140 |
33,296 |
80,610 |
|
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