MergerPlace

Long Standing, Profitable Medical Spa

Texas (Harris)


  • Asking Price: $650,000
  • Gross Income: $672,588
  • Cash Flow: $168,294
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $426,801
  • Listing ID: #209813
  • Established: 2017
  • Employees: 4 FT / 2 PT

Business Description

This business is the leading med spa for aesthetic/cosmetic and medical treatments in the western suburban areas of Houston, Texas. Patients from Houston, Sugar Land, Fulshear, Richmond and Cy-Fair visit here for medical and cosmetic services. Their professional staff specializes in transforming the lives of patients through aesthetic enhancements and health and wellness options. There is a registered nurse on staff to perform botox injections.
Revenue has declined since 2016, because a doctor has not be active in performing more highly skilled medical practices such as liposuction, vampire facelifts and vaginal rejuvenations. The current owner is semi absent and not medically licensed. However, a doctor as an owner, would be able to restart these services quickly and drive substantial revenue increases.
The current owner has made several changes since September of 2018, that have positively impacted revenue such as upgrading to a new website, expanding the social media platform for the business and adding two events per month at the business that have been sold out and produced increased monthly revenue. Annual revenue projections for 2019, based on these factors is projected between $750k and $800k.


Business Details

Primary Business Category: Services - Other Services
Location: Texas
County: Harris

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT / 2 PT

Financial Information

Asking Price: $650,000
Gross Revenue: $672,588
Cash Flow: $168,294
FF&E: $426,801
Seller Financing Available: Yes

Property Information

Facilities:

A 2,000 square foot lease space in a retail strip center. Business is currently in the second year of a five year lease paying $4,700 per month in rent.

Growth & expansion opportunities:

A broader approach to creative advertising and awareness techniques which are key to driving this business, Broader social media presence and offering additional services like vaginal rejuvenation, IV Therapy (The biggest trend in the spa industry now) and simply having intimate oversight of each decisions.

Competition:

There are 14 other "so called" med spas in their immediate location area. However, only 2 of the 14 med spas offer the full compliment of services that this spa offers involving Cool Sculpting, Laser, Facials, Microdermabrasions, Botox and Dermal Fillers, Viora skin tightening and HCG medically supervised weight loss. They are ranked number one in their sales territory for Allergan (Botox and Dermal Fillers).

Reason for selling:

Full-Time position with other employer.

Support & Training:

Will train for 2 weeks @ $0 cost. With over 5k customers in their database that enjoy their services involving Laser Hair Removal, Body Contouring via Cool Sculpting, Botox, Dermal Fillers, Facials, Hydra Facials, Micro Needling with PRP, Microdermabrasions, HCG Weight Loss, Skin Tightening. A medical license is required in the ownership of this business.

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Business Listed By:

Thomas Foster

Murphy Business Brokers