MergerPlace

Spa & Jacuzzi business

Nerja, Malaga, Costa del Sol, Spain


  • Asking Price: $250,000
  • Gross Income: $208,000
  • Cash Flow: $52,000
  • Real Estate: Not Disclosed
  • Inventory: $67,000
  • FF&E: $15,000
  • Listing ID: #201092
  • Established: 20
  • Employees: 3

Business Description

Asking Price €250,000 (Leasehold) S.A.V.
• For Sale Established Spa Business in Eastern Malaga Province
• Excellent Premises with Accommodation
• Spas/SwimSpas/Saunas/Installation/Repairs
• Sign Written Van plus Extensive Parts Stock Included
• Retirement Sale

Located on the outskirts of the town and adjacent to the main coastal road that passes through it, you will find this business that is now in its 16th year of trading. The premises are spacious and offer customers a selection of up to 10 spas within the showroom and several others on the forecourt with models to suit all requirements and budgets. With over 300 days of sunshine each year and our increasing interests and concerns for healthy living, this business has not been affected by the recession as much as some would think as the Scandinavians in particular consider a spa and sauna as essential rather than a luxury item. Currently serving an area within a 150 km radius, this business could easily be expanded and new owners might want to open a second showroom or explore franchising options, such is the far-reaching reputation that our client has deservedly earned. A full and comprehensive service is given to each and every client with many coming back when they move or buy additional properties. Over half of all sales are by referral as customers are very happy not only with their product and installation but also with the after sales service. An incentive of 200 € is also offered to customers referring new clients. A free initial site survey is performed with a pre-delivery inspection followed by delivery and installation by experienced engineers. All spas are tested prior to installation to insure a smooth and trouble free experience for the clients. A full back-up and after-sales service is also offered together with a range of consumables and associated supplies.
Another aspect of this business is the supply and installation of saunas which again offers new owners another route to expand this business. Repairs are also performed on all brands of spas irregardless of their origin so the technical department supports itself and offers another source of income.
Limited technical knowledge would be required as the vendor is prepared to assist in the handover to the purchaser and the staff technician would also be prepared to continue. A truck specially fitted for spa transport and installation is included in the price as are a large stock of spare parts and a range of specialty installation equipment. Also included is a fully operational website in Spanish and English that scores number 2 on Google.
Overall we believe this to be a rare opportunity to take an established and highly reputable business to it’s full potential now that it has come to the market only as a result of our clients growing commitments elsewhere. In addition to the retail space there is also accommodation comprised of a 2 bedroom flat within the premises with views across avocado groves to the mountains behind. This would prove particularly attractive to those moving into the area as this is included in the monthly rental.

Viewing Arrangements
Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain. Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.


Business Details

Primary Business Category: Retail Trade - Furniture & Home Furnishings
Location: Spain
Metropolitan Area: Nerja, Malaga, Costa del Sol

Company Information

Year Established: 20
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $250,000
Gross Revenue: $208,000
Cash Flow: $52,000
FF&E: $15,000
Inventory: $67,000
Seller Financing Available: Yes

Property Information

Facilities:

Big warehouse with several models, an office and sales space as well as a 2 bedroom apartment towards the back for 1200/month

Growth & expansion opportunities:

The owners has been winding down the business for over 5 years since he is just older and tired yet the business remains a clear area leader. Not currently offering service plans, pool cleaning routes or working with development projects (big money) and not servicing the Marbella area which has plenty of business.

Competition:

Yes but not intensive

Reason for selling:

20 years of ownership, well deserved retirement sale.

Support & Training:

Yes, Extensive since the owner will remain in town

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Alejandro Scholtz

Business Broker Spain