|Popular Resort Area Day Spa - Award Winning|
NCListing DetailsStatus: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $90,000
Gross Revenue: $1,999
Cash Flow: $60,000
Inventory Included: No
FF&E Included: Yes
Sales Structure: Asset Sale
Financing/Terms:Seller will provide an appropriate component of owner financing to qualified buyer.
Absentee Owner: Yes
Reason for Sale:Divorce
OperationsYear Established: 0
Form of Ownership: S Corp
Employees (full-time): 10
Business Description:This spa offers a quiet haven for rejuvenation of the mind, body and spirit. The highly trained personnel skillfully consult and suggest treatments for relaxation and personal needs.
Historical Summary:The Spa was founded in 1999 as a massage, nail, and skincare center and has been in its same central location since inception. Over the last ten years the spa has serviced almost 15,000 clients and has become a fixture in the area.
Owner Qualifications:Currently the staff includes six massage therapists, three estheticians, three desk coordinators, and a nail technician. In addition, the spa has developed a team of professional, vetted, outside therapists who fill in at the spa during overloads and also work in our outcall services program which is provided to area hotels, lodges, and residences.
Competition:Businesses that are consdiered competition are somewhat geographically distanced. With that being said there are competitors that provide spa services consistent with the industries typical offerings. This business does not operate with any competitive disadvantages that would be considered problematic.
Potential Growth:There are many positive trends in the business that will accrue to the new ownership, not the least of which is a strengthening economy. The spa has continued to increase numbers since new ownership took over despite a very weak economy and that bodes well for the increasing profitability of the business as the economic picture improves. The proof that our marketing plan and management is working is found in the fact that we are ahead of last years figures for every month since we acquired the spa, and in most months are ahead of 2007 as well, which was a much stronger year in the economy. In addition, the spa has recently increased hours significantly, from five days a week to being open seven days and several nights, allowing for increased business with almost no increase in overhead.. The new hours are already starting to fill with clients.
LocationReal Estate for Sale: Yes
Option: 3 - 1 year extensions with 3% term bump
Lease Security: $1,666
Monthly Rent: $1,715
Square Footage: 1450
All services are offered to both men and women in an environment that is warm, nurturing and beautiful.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Nov 30, -0001 / 12:00 AM