Popular Wellness Studio and Spa

Summary Information

Price:
Total Sales:

FF&E:
Inventory:

Listing Status:

$510,000

$169,824

$45,099
$40,413

Sold

Summary

Description:

High end spa offers top of the line services by experienced staff in popular location with designated parking for clients and staff. Seller stepped out of this location in July of 2017 to focus on smaller operation. Prior to July 2017 owner worked approximately 2 days at this location per week. Owners spouse spends ~10 hours per week and can be replaced for $92/month.

This business sells an impressive amount of gift cards each year. Buyer and seller will work together to determine the most likely redemption ratios for non-expired outstanding gift cards and subtract from the purchase price.

Seller owns other non-competitive small locations branded with different names and will continue to operate.

Seller will sign a non-compete for three years inclusive of the client database system being transferred as of the date of service for this location.

LISTING BROKER

Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Price: $510,000
Total Sales: $169,824

FF&E: $45,099
Inventory: $40,413

Listing Status: Sold

Summary

Description:

High end spa offers top of the line services by experienced staff in popular location with designated parking for clients and staff. Seller stepped out of this location in July of 2017 to focus on smaller operation. Prior to July 2017 owner worked approximately 2 days at this location per week. Owners spouse spends ~10 hours per week and can be replaced for $92/month.

This business sells an impressive amount of gift cards each year. Buyer and seller will work together to determine the most likely redemption ratios for non-expired outstanding gift cards and subtract from the purchase price.

Seller owns other non-competitive small locations branded with different names and will continue to operate.

Seller will sign a non-compete for three years inclusive of the client database system being transferred as of the date of service for this location.

LISTING BROKER

Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607