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MLS #: 48269 (Commercial)
2048 Winchester Avenue
Ashland, KY, 41101
Status: Active
Price: $420,000
Floors: 1
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Type: Commercial
Age: 61-100 Years
Year Built: 1932
Main Floor Square Feet: 1
Bath Rooms: Two & a Half
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Full Description: 100% FINANCING AVAILABLE!! HIGH-QUALITY SALON & SPA FOR SALE: TURN-KEY BUSINESS WITH GREAT ESTABLISHED CLIENT BASE IN AN EXCELLENT LOCATION! This very successful salon and spa is well established in the Tri-State area and offers services such as massages, manicures, pedicures, facials, hydrotherapy, waxing and all aspects of hair care products. Having a modern and open look, this award-winning premier salon's aesthetics appeal to both women and men. The current owner has artfully designed an experience that has attracted an affluent clientele who appreciate quality personal service. Studio 21 Salon and Spa has been in business over 28 years providing top of the line salon and spa treatments. The spa was the first day spa in Kentucky, east of Lexington, to offer cutting edge spa and salon treatments. A new owner who is also passionate about personal service will be delighted to find this fantastic opportunity to be the PROUD owner and operator of this local elegant business. Here is your chance to build on an established Tri-State business and continue with its success. BUILDING SPECS: Approx. 6,000 sqft. 2-Story Building; Parking; Built in 1932; Total remodel from the ground up in 1995, including interior sheetrock and exterior siding; New Roof (Replaced in 2015) & Windows; New copper plumbing and PVC drains; Updated Electrical Wiring with (3) 200 Amp Service Boxes; (4) HVAC units (Gas Heat & Central Air); The lovely hardwood floors from the old home remain. EFFICIENCY APARTMENT: 1-Bedroom Efficiency Apartment. Has 2 Large Rooms, Kitchen with Refrigerator and Stove, and Full Bathroom. The Efficiency Apartment is Currently Rented. BUSINESS FINANCIALS: The business has clean, well-documented financials and performs well. A documented history of revenue is available for review to qualified buyers. FINANCING PURCHASE: Real estate conveyed must be financed conventionally. This business would qualify for SBA loans and Ashland has a very good small business incubator that offers assistance. AWARDS RECEIVED: 2016 North East Kentucky Downtown Business of the Year by NE Kentucky SBA Administration UCLA Anderson School of Business Salon of the Year Finalist Several âBest of the Tristateâ Awards NEW OWNER EXPERIENCE NEEDED: No direct experience is necessary as the business already has a staff in place, however a prospective buyer with a strong appreciation of service will perform the best. Buyer should have strong marketing and management and sales skills. The current owner runs the business on a day-to-day basis. NEW OWNER TRAINING: The current owner is offering training and owner transition assistance for the new owner with the purchase of this business. CURRENT OWNERâS REASON FOR SELLING: The current owners are planning for retirement, wanting to spend more time at their winter home and are looking for someone to carry on the tradition of providing exceptional services. ADDITIONAL DETAILS: The property and business is family owned. This is not a home based business opportunity. Owner is a licensed Kentucky REALTORÂŽ. CONNECT with your REALTORÂŽ for additional information, including a list of rooms on each floor and a list of all the items included with the purchase, such as furniture, equipment, fixtures, software, security system, digital exterior sign, "Studio 21 Spa" facebook page, training and owner transition assistance, and so much more!
Directions: From Ashland, take Winchester Ave. to 21st Street.
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Lot Size: .9 acres per pva
Cooling: Central Air
Heat: Forced Air Gas
Water/Sewer
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Listing Courtesy of: RE/MAX Realty Connection, LLC
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Listed by: Agent A
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