Business Overview

Successful Seattle Medical Spa with Loyal Clients

This successful medical spa is the best in Seattle, offering a full array of non-surgical medical treatments with a variety high-quality medical devices and products. The majority of individuals on the long clientele list visit multiple times per year for treatments.
With an extremely strong start to 2021, this business is ready for you to ride the trend of more people seeking non-invasive beauty treatments in lieu of expensive plastic surgery.

History
Founded in 2012, this successful Seattle medspa has continually grown each year. The owner has built this business by providing quality services and adding new technology and services for its growing client list. Known for knowledge, skill, and a variety of treatments.

Growth Potential
Opportunity to grow the business by leveraging the strong existing customer base, bringing in new customers by improving marketing, adding new treatments and products, updating the website. Capitalize on the new market of individuals seeking cosmetic assistance given the new world of video conferencing and concomitant constant close-ups.

Financial

  • Asking Price: $650,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

Move to New Life Opportunities

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 absolutely different things. For instance, they might state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or a range of various other reasons. This is why it is very crucial that you not rely totally on a vendor's word, yet rather, make use of the seller's answer combined with your total due diligence. This will paint a much more realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract brand-new clients? Many times, companies have repeat clients, which develop the core of their daily earnings. Specific variables such as new competition sprouting up around the location, road construction, and personnel turn over can affect repeat customers as well as negatively impact future profits. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local typical home earnings impact future earnings prospects?