MergerPlace

Day Spa

Pennsylvania (Luzerne)


  • Asking Price: $449,000
  • Gross Income: $1,124,966
  • Cash Flow: $224,880
  • Real Estate: Not Disclosed
  • Inventory: $37,886
  • FF&E: $102,810
  • Listing ID: #200126
  • Established: 2003
  • Employees: 4 FT/6 PT

Business Description

The business provides a number of services which encompass massage, skin treatments as well as manicures and pedicures. However, no nail finishes are used in keeping with the holistic philosophy.
Owners refurbished the building to suit the needs of this concept. The interior is warm, friendly and beautifully appointed. They never expanded to more than 1 location though there is plenty of open territory.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Pennsylvania
County: Luzerne

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/6 PT

Financial Information

Asking Price: $449,000
Gross Revenue: $1,124,966
Cash Flow: $224,880
FF&E: $102,810
Inventory: $37,886
Seller Financing Available: Yes

Property Information

Facilities:

This is a three story building located on one of the busiest streets in Luzerne County. It is about 4,800 sq. ft. The basement houses the laundry and storage facility. The first and second floor is used for reception and treatment rooms. The third floor housed administrative offices which could be transformed into additional treatment rooms. The building is set back so there is a pleasant front lawn. There is a paved back area used for customer parking.

Growth & expansion opportunities:

Growth can be achieved by opening on Sunday, changing third floor spaces to additional treatment rooms, following the suggestion of corporate to switch to hourly paid instead of commission paid therapists.

Competition:

The only competition in the area are mom/pop salons.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost. The business sells a variety of skin care products. The massage therapists and estheticians are licensed.

Contact Business Seller

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Business Listed By:

Bernie Siegel

Murphy Business Brokers