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Popular Wellness Studio And Spa For Sale

Neuse, North Carolina
Asking Price:
$510,000 (USD) Furniture / Fixtures included
Sales Revenue:
$899,029 (USD)
Cash Flow:
$169,824 (USD)

Business Description:
High end spa offers top of the line services by experienced staff in popular location with designated parking for clients and staff. Seller stepped out of this location in July of 2017 to focus on smaller operation. Prior to July 2017 owner worked approximately 2 days at this location per week. Owners spouse spends ~10 hours per week and can be replaced for $92/month.
This business sells an impressive amount of gift cards each year. Buyer and seller will work together to determine the most likely redemption ratios for non-expired outstanding gift cards and subtract from the purchase price.
Seller owns other non-competitive small locations branded with different names and will continue to operate.
Seller will sign a non-compete for three years inclusive of the client database system being transferred as of the date of service for this location.

Property information

Real Estate:

Lease

Lease Terms:

Facilities:
$19/foot currently. Expect up to $26/foot. 3000 square feet. Parking lot is leased for $1,000/month. Lot lease is optional. The incremental rent has been deducted from the recast owner benefit.

Leasehold Rent:

$57,000 (USD) per annum

Location:

Type of Location: Stand Alone
Monthly Rent: $4,750
Square Footage: 3000
Facilities:
$19/foot currently. Expect up to $26/foot. 3000 square feet. Parking lot is leased for $1,000/month. Lot lease is optional. The incremental rent has been deducted from the recast owner benefit.

Size in square feet:
3,000

Business Operation

Expansion Potential:

Potential Growth:
Prices can be increased $10 to $15 per treatment to meet market. There is additional space available for 1-2 additional treatment rooms. Current owner has been approached multiple times by licensed independent nurses to add med spa services.

Competition / Market:

This spa has a clear health and wellness approach which differentiates it from the competition. Repeat and loyal clients book sessions far in advance with the spas licensed and experienced skincare and massage therapy professionals..

Reasons for selling:

Business has grown beyond expectations. Seller wants to focus on a smaller operation. Husband is planning on retiring upon sale.

Trading hours:

9-9 Mon-Fri Sat-Sun 9-8

Employees:
6 plus 22 subcontractors
Years established:
2011

Other Information

Support & training:

Seller will provide 80 hours of included training/transition support within 90 days of transaction

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will participate in mandated SBA financing

Furniture / Fixtures value:
$85,512 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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