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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

Property Type
Retail
Property Subtype
Storefront
Building Size
6,359 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.34 AC
Zoning
Commercial
Parking
10 Spaces (6.29 Spaces per 1,000 SF Leased)

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

PROPERTY TAXES

Parcel Number
WEST-000099-000016
Land Assessment
$359,400
Improvements Assessment
$654,000
Total Assessment
$1,013,400
  • Listing ID: 17473647

  • Date on Market: 10/16/2019

  • Last Updated:

  • Address: 31 Post Rd, Westerly, RI 02891

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