Listing ID: 73296
Tranquility Day Spa is located at 791 Bethel Road. Established 19 years at this location. Outstanding volume in excess of $300,000 plus annually with fantastic upside. Featuring seven treatment rooms, three manicures & 3 pedicure stations. Makeup area, lounge, men & woman’s locker rooms. Confidential offering – please do not disturb the employees or ongoing business. Must be seen to be appreciated! First-class and turnkey. Priced to sell at $110,000 + Inv. This would be ideal for someone already in the business, such as a beautician, esthetician, makeup artist, or other beauty professional.
- Asking Price: $110,000
- Cash Flow: N/A
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,875
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
The company was started in 2002, making the business 20 years old.
The company has 15 employees and is located in a building with estimated square footage of 2,875 sq ft.
The building is leased by the business for $7,901 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nonetheless, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is extremely vital that you not depend entirely on a vendor's word, yet instead, make use of the vendor's answer combined with your overall due diligence. This will paint a more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that profit margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new customers? Often times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Particular variables such as brand-new competitors sprouting up around the area, roadway construction, and staff turn over can affect repeat clients and adversely influence future profits. One important point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business often, the greater the possibility to develop a returning customer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the neighborhood typical family earnings effect future income prospects?