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- LoopNet Team
31 Post Rd
Westerly, RI 02891
Retail Property For Sale

INVESTMENT HIGHLIGHTS
- MINUTES TO WATCH HILL, WEEKAPAUG, MISQUAMICUT QUONOCHNTAUG,NARRAGANSETT AND SOUTH KINGSTOWN
- EXISTING SPA DESTINATION
- HIGH END CLIENTELE
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 31 POST RD , WESTERLY, RI 02891
First time offered and what an amazing opportunity to purchase an established and thriving business located in Westerly, RI which has an established patronage from local clientele in addition to a consistent secondary base in New York, Connecticut and Massachusetts. Uptown Salon & Spa, has steadfastly built their business aligned with their amazing employee base combined with an unprecedented work ethic converged with a focused, dedicated concern for the health, beauty, and wellness of their patrons. This coastal opportunity services the seaside communities of Quonnie, Charlestown, Weekapaug, Watch Hill, South Kingstown and Narragansett. These affluent areas attract the most discerning of seaside aficionados who appreciate the beauty of our beautiful state which offers a quiet respite along with the most pristine beaches and gorgeous real estate opportunities. Clientele at Uptown Salon & Spa frequent this unbelievable offering for the finest and most luxurious beauty and spa treatments. The beautiful shingle style custom building houses the Salon & Spa facility, with six (6) spa treatment rooms, 10 hair chairs, four (4) manicure stations, and six (6) pedicure stations. The building was designed and built specifically for this purpose, with great attention to detail and completely custom millwork, one of a kind painting of local coastal scenes, and many other amenities that set it apart and make it a sought after destination. Beauty/Spa Services An impressive 50% of guests rebook their next appointment at the time of service. An average of 2500 services are performed each month. Recently, Uptown launched an application to encourage online bookings. The result, 1200 of the 22,000 services provided in the January through September of 2019 were booked online. Medi Spa Potential: The current owners have determined that there is great interest from their loyal clientele in receiving medi spa services such as injectables, fillers, broad band laser therapy, and medical grade skin care products at Uptown. Employing an RN, or partnering with an MD is the next step in adding these sought after services and additional revenue stream to the company’s portfolio. Weddings There is opportunity for growth in wedding party services both in salon and on location. Uptown offers on-the-go teams that travel to Watch Hill's Ocean House and other private homes for engagement parties, rehearsal dinners, wedding ceremonies and receptions. Uptown hosts wedding parties in-house throughout the summer season, and has had weddings booked on popular dates throughout the year. With additional trained staff this segment of business continues to grow. Retail Sales and Gift Cards Retail sales have been a recent focus, with staff training and incentives resulting in in an ever increase in retail sales Gift card sales are particularly high for this business, accounting for a clear message of the value that guests place on the Uptown experience in their lives.
PROPERTY TAXES
| Parcel Number | WEST-000099-000016 | Improvements Assessment | $654,000 |
| Land Assessment | $359,400 | Total Assessment | $1,013,400 |
PROPERTY TAXES
Listing ID: 17473647
Date on Market: 10/16/2019
Last Updated:
Address: 31 Post Rd, Westerly, RI 02891
The Retail Property at 31 Post Rd, Westerly, RI 02891 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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