Listing ID: 81602
Are you ready to work for yourself? Do you want to own and run a very profitable business? Not interested in heading downtown to work in an office? Presenting an incredible opportunity to own a very successful turn-key spa with a dedicated book of business. This Organic Spa provides a sanctuary with a modern and environmentally friendly edge. The full-service business offers facials/photofacials, laser vein and hair removal, laser skin rejuvenation, body contouring, infrared aromatherapy body wrap, eyelash extensions, tine and perm, organic spray tanning, detox foot spa, waxing, makeup and much more. Annual gross sales are around $300,000, rent is only $1,360 per month and over $150,000 in new Spa equipment is included in the price. This includes a 2019 purchased Horizon multifunctional laser system, Viora Reaction contouring and facial machine and a Thermojet Morfologic Infrared Body Slimming Wrap system plus over $10,000 in inventory. Located in Lincoln Park surrounded by new luxury residential developments and on a street with over 46,000+ vehicles per day. This is your chance to own a very successful cash flowing business. .DO NOT DISTURB EXISTING BUSINESS. Business only for sale, no real estate included.
- Asking Price: $295,000
- Cash Flow: $153,632
- Gross Revenue: $288,649
- EBITDA: $153,632
- FF&E: $200,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,650
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Owner will train but business requires a Licensed Esthetician to operate.
Opportunity to expand existing business by adding massage and nail services. Both are permissible with current zoning and build-out.
The business was founded in 2012, making the business 10 years old.
The deal will include inventory valued at $10,000, which is included in the asking price.
The business has 3 employees and is situated in a building with approx. square footage of 1,650 sq ft.
The building is leased by the business for $1,360 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. However, the genuine factor and the one they say to you may be 2 totally different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is very vital that you not count entirely on a vendor's word, however instead, utilize the seller's answer combined with your overall due diligence. This will paint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new customers? Often times, operating businesses have repeat consumers, which create the core of their everyday revenues. Specific aspects such as brand-new competitors growing up around the location, roadway construction, as well as employee turnover can impact repeat consumers and also adversely impact future earnings. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the opportunity to develop a returning consumer base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the local typical household income influence future revenue prospects?