MergerPlace

Upscale Day Spa and Nail Lounge

Washington


  • Asking Price: $618,000
  • Gross Income: $764,360
  • Cash Flow: $234,116
  • Real Estate: Not Disclosed
  • Inventory: $16,500
  • FF&E: $20,687
  • Listing ID: #211063
  • Established: 2014
  • Employees: 3 FT / 16 PT

Business Description

Profitable! Double-digit growth in sales every year since it began. Strong brand recognition for luxury and service. NOT a franchise. Outstanding location. Fantastic Interior design. Recognized as one of the best spas in the U.S. Rated very highly by media and clients. There is room to grow in its current location and expand to new locations. The newly launched online store adds another revenue stream.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Washington

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 16 PT

Financial Information

Asking Price: $618,000
Gross Revenue: $764,360
Cash Flow: $234,116
FF&E: $20,687
Inventory: $16,500
Seller Financing Available: No

Property Information

Facilities:

Location, location, location--this modern spa is located near the best upscale shopping and restaurants in the state and is in the heart of a vibrant city center and growing employment hub. 10 year lease, currently in year 4. The lease includes convenient complementary parking for clients.

Growth & expansion opportunities:

It is continuing to grow from its reputation and booming location. A New Owner could open the spa 7 days a week and offer longer hours. A major employer has approached this owner to expand near their headquarters. With its strong reputation and brand recognition it is poised for expansion.

Competition:

Its growth each and every year shows its brand as an attractive, modern luxury spa focusing on its clients is out performing the competition.

Reason for selling:

Family reasons.

Support & Training:

Will train for 4 weeks @ $0 cost. Full service day spa and nail lounge with massage, facials, lashes, hair removal, nail care, body treatments, seasonal specials. 18-20 employees with a full-time Manager. New Owner needs good marketing and management skills.

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Business Listed By:

Judy Elrod

Murphy Business Brokers