Day Spa In Upscale San Mateo Neighborhood For Sale

Business description

This beautiful 3,636 sq. ft. Day Spa is located in an upscale shopping center in a very affluent Peninsula neighborhood.
It was started by the owner in 2000 and has remained in the same shopping center.
She does body and skin care such as facials and body wraps plus waxing and threading hair removal. Nail care is done by a P/T employee who works on a base salary plus commission. The owner will stay on as an employee for the buyer. A buyer should be aware that the seller recently signed two sublease tenants and the seller's cash flow of $94,992 does not reflect a credit for that rental income as the tenants have been there less than 60 days and there is no available information as to their financial strength and business experience. A buyer will have to review the subleases and interview the subtenants as part of their due diligence.

Farley Gouner CA RE Lic # 01271117
BTI 7802

Property information

Real Estate:

Lease

Lease terms:

due 2015 buyer will have negotiate a new lease

Leasehold rent:

$2 per sq ft per annum

Location:

Upscale neighborhood on the SF peninsula

Size in square feet:

3,636

Business Operation

Reasons for selling:

scale down - seller will remain as employee for buyer

Trading hours:

Mon - Sat 10:00 - 7:00

Employees:

1 PT

Years established:

11

Other information

Support & training:

2 weeks at 40 hours per week

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)