Business Overview

This day spa is a must see. No expense spared in this elegant spa, with a peaceful Zen like atmosphere. Every room is absolutely gorgeous!
Each room has a sink with custom glass bowls, massage room with private shower. Hair salon with two stations, Private office, laundry room with washer/dryer. Services offered include massage, hair salon, nail service(private room) pedicures (semi private 2 stations) facials, waxing, eyelashes, body treatments, permanent make up. Seller is working solo and doing very well. Hire staff or independent contractors or lease the rooms out.

Financial

  • Asking Price: $85,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Elegantly done, everything in this spa is elegant with a Zen like atmosphere. Sinks in every room with a private shower in the massage room.

Is Support & Training Included:

seller will train

Purpose For Selling:

leaving the country

Pros and Cons:

nothing like it in the area.

Opportunities and Growth:

hire staff or lease out the rooms

Additional Info

The venture was started in 2017, making the business 5 years old.

The business has 0 employees and is located in a building with estimated square footage of 1,200 sq ft.
The building is leased by the business for $1,600 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. However, the true reason vs the one they tell you might be 2 entirely different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is extremely important that you not rely completely on a seller's word, but rather, use the seller's answer together with your general due diligence. This will paint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that earnings margins are too small. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract brand-new clients? Many times, companies have repeat customers, which develop the core of their daily profits. Specific factors such as brand-new competition sprouting up around the area, road construction, and staff turn over can impact repeat consumers and negatively affect future earnings. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to construct a returning customer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood typical home earnings influence future earnings prospects?