Listing ID: 82169
Great opportunity to own a unique, award-winning, non-invasive, alternative therapy business that specializes in pain management, injury recovery, beauty and wellness, and improving overall physical and mental health. This spa is truly one of the finest in the Midwest.
Clients aged 14-80 derive benefits from the spa services that may include lower inflammation, increased energy, immunity boost, quicker recovery from injury/surgery, chronic pain relief, reduced arthritic and joint pain, improved muscle performance, hyperthermic conditioning, detoxification, improved circulation, fat loss & skin tightening, and better sleep.
This cutting-edge spa continues to experience cash flow growth as awareness of the multiple high-tech therapies increases among the public and drives the surging market segment.
The current owners have built an excellent reputation within the community and have created a one-of-a-kind experience for a large growing base of clients. This turn-key spa sports modem branding and beautiful inviting decor. The location is prime and carries a very high traffic count.
- Asking Price: $395,000
- Cash Flow: $132,000
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,488
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Owner will assist in a smooth transition.
The venture was founded in 2017, making the business 5 years old.
The business has 5 employees and is situated in a building with disclosed square footage of 1,488 sq ft.
The building is leased by the business for $3,720 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the true factor vs the one they say to you might be 2 entirely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, current reduction in earnings, or an array of other factors. This is why it is really important that you not depend completely on a seller's word, yet instead, use the vendor's answer combined with your general due diligence. This will paint a more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans in order to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new consumers? Often times, businesses have repeat clients, which develop the core of their day-to-day revenues. Certain aspects such as new competition growing up around the area, roadway building and construction, and employee turn over can impact repeat consumers as well as adversely affect future incomes. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the better the chance to build a returning customer 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? How might the neighborhood typical house income effect future income potential?