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Health - Fitness - Wellness - Lifestyle Membership Spa Raleigh
NCListing DetailsOffice ID: SPA13
Status: Expired
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $439,000
Gross Revenue: $334,562
Cash Flow: $146,595
Inventory: $6,510
Inventory Included: Yes
FF&E: $132,100
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will participate in SBA required financing. Inventory is included in the asking price.
Reason for Sale:
Seller owns multiple businesses and is interested in focusing full time on other opportunities.
Training:
Seller will assist for up to 80 hours within the first 90 days after closing including equipment maintenance.
OperationsYear Established: 2004
Form of Ownership: S Corp
Employees (full-time): 1
Employees (part-time): 1
Managers: 1
Business Hours: M-Th 10-9, F 11-7, S 11-4, Sun 12-4
Summary
Business Description:
This is not your average tanning salon.  This business offers a wide range of popular self service offerings including the newest red light therapy and full body hydration to maximize wellness so customers look and feel their best. Original up fit for this business was over $300,000. Be a part of the next trillion dollar industry - Health and Wellness. http://www.womensmarketing.com/blog/2014/11/health-and-wellness-market/
Historical Summary:
Most clients pay monthly towards 12 month agreements.  Approximately 25% product sales and 25% non-member session sales.
Owner Qualifications:
Buyer should have general business skills.
Competition:
The majority of competitors are single service oriented. These are located in excellent locations.
Potential Growth:
The business would benefit from a full-time owner operator.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Security: $10,000
Monthly Rent: $5,663
Square Footage: 2000
Facilities:
Located in a strip shopping center this location features high end interior finishes.  Location has adequate parking, signage and lighting. 
Last Updated: Jun 15, 2018 / 6:06 PM
Financial Information Current As Of: Aug 15, 2017 / 12:00 AM