Listing ID: 77573
The team of expert skincare practitioners understand skin and how to maximize its health and appearance. Serving men and women in Milford, Connecticut, the current practice, which operates under the medical direction of a prominent MD and offers comprehensive, revolutionary dermatological and aesthetic treatments.
The family-owned and operated practice provides clients with personalized care. Each treatment is customized to their skin care needs and goals. Achieve rejuvenated skin with a HydraFacial and reduce wrinkles and lost volume with Botox® and dermal fillers. They get rid of unwanted hair for good with laser hair removal. They reverse the effects of sun damage, aging, or acne scarring with professional skincare therapies and products, including Caelstix, an effective in-house brand. This business understands that you their clients are busy and their time is valuable, they offer many procedures that take little to no downtime to heal, and evening appointments are offered at client requests. This family run and operated business, is proud to serve the Milford and New Haven County community. They understand that no one is immune to aging, and they there here to help!
The team uses the most up-to-date methods and technology to help you maintain a smooth, enhanced complexion. Their clients are ready to reveal healthier, younger-looking skin.
- Asking Price: $660,000
- Cash Flow: N/A
- Gross Revenue: $305,000
- EBITDA: $171,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,580
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
High Visibility in great mall location. Business based in Milford which is one of the top growth cities in Connecticut. Business is derived from Fairfield and New Haven Counties
Support and Training will be provided based on buyers needs
Other Medical Service business interests
Great business name and reputation for quality service and professionalism
The "Medical Spa - Global Market Trajectory & Analytics" report from Research and Markets projects that the medical spa industry will reach $34.4 billion by 2027, growing at a CAGR of 12.5% over the analysis period 2020-2027. The global market is currently at $15.1 billion for 2020. Facial treatment, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US $11.5 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Body Shaping & Contouring segment was readjusted to a revised 14.1% CAGR for the next seven-year period. The medical spa market in the U.S. is estimated at US $4.1 billion in the year 2021
The business has 3 employees and is situated in a building with approx. square footage of 1,580 sq ft.
The real estate is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the true factor vs the one they tell you may be 2 completely different things. For instance, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is extremely crucial that you not count entirely on a seller's word, but rather, use the vendor's answer together with your total due diligence. This will paint an extra practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new consumers? Often times, companies have repeat customers, which create the core of their daily revenues. Certain variables such as brand-new competitors sprouting up around the area, roadway construction, as well as personnel turn over can impact repeat consumers as well as negatively affect future earnings. One important 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 individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average family earnings influence future earnings prospects?