Metro Spa and Salon New Spa Owners
The Metro Spa and Salon in Latham, N.Y., has new owners.
Angela and Robert Horvath, operating under the name Lourdes LLC, recently bought the building and the business from the longtime owner, Arthene Lavalley.
The Horvaths paid $210,000 for the building at 350 Watervliet Shaker Road. The sale closed March 31 and was handled by Howard Carr of The Howard Group.
Financing was provided by KeyBank.
Angela Horvath estimated the value of the business at $500,000. There are 15 hair cutting stations, which Horvath said is considered large for the industry.
Lavalley, who had owned the business for 18 years, continues to cut hair there.
“I used to work here eight years ago,” Angela Horvath said. “This was my field until I started having children. Arthene and I ran into each other last Christmas. She was ready to sell and I was ready to buy.”
Horvath said she invested in a new computer system and will be offering laser hair removal. The spa side of the business has been more impacted by the economy than hair cuts, she said.
The cost of a hair cut for men and women ranges from $45 to $65.
New York Spas, Spas for Sale
