Day Spa And Boutique - Rare Beachside
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $489221
Net Profit / Cash Flow $217224
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This is a rare South Bay Find - a highly profitable life-style oriented business near the beach, with complementary neighbors, and plenty of parking, in an area always sought after by business buyers. This South Bay day spa occupies prime real estate, providing ideal drive and walk-by traffic visibility and allowing the affluent local client base to walk down the beach path to receive a treatment. The day spa, which current provides non-invasive procedures and massage, has tremendous upside potential as it is semi-absentee run, and could benefit tremendously from medical oriented services including laser hair removal, laser liposuction, injections (Botox, collegen, restalyn), etc.
This ideally located 750 square foot facility leases for $1,600 per month, on a lease until August 2010 with a two-year option. The facility offers clients 3 treatment rooms, a reception area filled with retail product offerings, and the most plentiful parking available in the South Bay. All equipment, with the exception of a $30,000 unit is fully paid for and is included in the sale. This additional unit may be purchased separately if a buyer so desires.
The day-spa business is highly competitive; however, competition tends to be very local in nature, with clients visiting services providers near their residences, work place, or children's schools. As such, this spa has a irreplaceable competitive advantage over competition with less convenient locations.
New owners will likely seek to allow the facility to continue to grow via its own accord, as it has all of the components necessary to continue to increase its sales volume and profit levels. In addition, while the current owner is semi-absentee, new management may seek to reduce labors expenses by operate the day spa full time. Naturally, if they are a service provider themselves they may increase net profits by the amount of business they are able to pull in, which is often upwards of $120,000.
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