Listing ID: 70308

Business Overview

This niche turn-key business is a health and wellness spa where every last detail is designed to help you achieve optimal wellness and quality of life. Providing detoxifying benefits, restorative treatments, facials, and massage services as well. The lavish ambiance and professionalism from the initial greeting to ending your session delivers some of the highest levels of relaxation one would desire. Located in a progressive and affluent area, future growth is all but guaranteed. Buying this established business provides the buyer with an excellent location and a facility that would not need updating for many years. This business carries top professional lines of product as well.

The 2021 revenue number represents total sales LESS a couple of non-competing services that are currently not included in this sale. A mutual non-compete will be executed between the seller and the buyer regarding these two services. The two previous year revenues do include the services not included in this offering (about $45,000 each year). Factual data will be made available to interested parties showing the customers who utilize the services not included in this sale are overwhelmingly only customers for these two services. The other offerings and repeat customers will not be negatively impacted after the sale.
Total buildout package when opened in 2018 was approximately $500,000.00.

Financial

  • Asking Price: $199,000
  • Cash Flow: N/A
  • Gross Revenue: $117,814
  • EBITDA: N/A
  • FF&E: $235,000
  • Inventory: $3,000
  • Inventory Included: Yes
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business leases space that is adequate for current and future demand.

Is Support & Training Included:

Will train for 2 weeks @ $0 cost. Certain licenses would apply to certain offered services. A more detailed explanation will be provided on a one-to-one basis.

Purpose For Selling:

The owner would like to pursue other interests.

Pros and Cons:

There is competition in the area for a portion of the offered services.

Opportunities and Growth:

There is incredible room for growth as well as an opportunity to grow within this exploding community.

Additional Info

The business was founded in 2018, making the business 4 years old.
The transaction does include inventory valued at $3,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell companies. However, the true reason and the one they tell you may be 2 totally different things. As an example, they may claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of other factors. This is why it is extremely vital that you not rely entirely on a vendor's word, yet instead, utilize the vendor's solution in conjunction with your overall due diligence. This will paint a much more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in brand-new clients? Most times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Particular elements such as brand-new competitors growing up around the area, road building, as well as staff turnover can impact repeat clients as well as negatively impact future profits. One important point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the better the possibility to develop a returning customer base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the regional average home earnings influence future revenue potential?