Business Overview

Reason for Sale: Focusing on Family- Organic Boutique Spa located in Weston. Established Since 2018 servicing Weston & Davie residents. Spa offers a variety of wellness options -massages, body treatment, facials, ozone therapy, reflexology, meditation, reiki, and more- to help you renew and recharge. Great location in the heart of Weston within an office building. Monthly rent is $4500. Lease extends to 2023. Priced to sell at $75k. Great opportunity to enter the spa industry for a reasonable price. 2021 # Annualized thru September.

Financial

  • Asking Price: $75,000
  • Cash Flow: $17,253
  • Gross Revenue: $130,671
  • EBITDA: N/A
  • FF&E: $51,000
  • Inventory: $5,000
  • 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:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Office Building location- Rent $4500/month -Lease Expire 3/2023- 1700 Sq ft.

Is Support & Training Included:

Will train for 2 weeks @ $0 cost.

Purpose For Selling:

Focusing on Family.

Additional Info

The venture was started in 2018, making the business 4 years old.
The transaction will include inventory valued at $5,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. However, the true factor and the one they say to you might be 2 entirely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is very essential that you not depend entirely on a seller's word, however rather, utilize the vendor's answer along with your overall due diligence. This will repaint an extra practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that profit margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Specific variables such as brand-new competitors sprouting up around the area, roadway building and construction, and also personnel turn over can impact repeat clients and also adversely influence future earnings. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the neighborhood mean house earnings effect future revenue prospects?