Listing ID: 82582
This is one of the biggest full-service wellness spas in Beaverhead County with a strong customer base. This spa features a variety of state-of-the-art equipment, great retail space, a basement cardio area with treadmill and The Mirror, a dance /workout area and a loft set up for arts and crafts/ceramics. The facility also features an oxygen bar, a three-bed tanning salon with one being a stand-up bed, an infrared sauna, a red light therapy bed, along with a skin wellness pod. This highly regarded and successful business has constructed a solid foundation for further growth and success based on their impeccable reputation from offering a great selection of gifts, clothing, accessories, to hosting private parties for bridal showers and birthdays, and ceramic painting with kiln on site. With excellent growth potential, exciting profit margins and a tremendous reputation, this business has everything needed for the right energized entrepreneur to take it to the next level of success! Inquire today to learn more about this incredible opportunity and the future that it holds! Assets are to include Equipment, Fixtures, Inventory, Building & Property. New 400 Amp service installed, updated plumbing and electrical, new furnace, and a new roof in 2021.
- Asking Price: $600,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Assets are to include Equipment, Fixtures, Inventory, Building & Property. New 400 Amp service installed, updated plumbing and electrical, new furnace, and a new roof in 2021.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is extremely important that you not count completely on a seller's word, but rather, utilize the seller's solution together with your overall due diligence. This will repaint a much more reasonable 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 need to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new customers? Most times, operating businesses have repeat clients, which develop the core of their everyday earnings. Particular factors such as new competition sprouting up around the area, road building and construction, and also employee turnover can impact repeat customers and also adversely impact future incomes. One important point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the greater the opportunity to develop a returning customer base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood typical household income effect future revenue prospects?