Green Certified Holistic Day Spa
$500,000.00
Business Activity: The company is a green-certified holistic day spa that offers beauty treatments, massages, waxing, facials, pedicures, body wraps, and scrubs.
History: The Owner started the business as an infrared sauna franchisor. In 2005, she opened a small500-foot retail location offering light saunas and foot massage treatments. As customers requested additional service offerings, the company grew, and in2007, the day spa was formed.
SALES AND SELLER’S DISCRETIONARY CASH FLOW: (2024 Financials are through 8-31-2024
Marketing Strategy: The company’s website, social media, and word-of-mouth advertising are primary marketing strategies. The Company’s end-to-end enterprise software is integrated into the business. It has a marketing module that could be utilized to tap into the company’s historical email database to increase customer utilization.
Furniture, Fixtures, and Equipment: The purchase price includes all on-site furniture, fixtures, and equipment.
Days & Hours: Monday – Friday 10:00 a.m.to 7:00 p.m. Saturday 10:00 a.m. to 5:00p.m.
Employees: The Company has a full-time staff of five, including a Spa Director, Assistant Manager, and Spa Coordinator. It also employs twenty Massage Therapists, Estheticians, and Nail Techs.
Facilities: The business is in a free-standing building with approximately5,300 square feet leased.
Reason For Sale: The owner’s husband retired several years ago, and the owner wants to join him in retirement.
Terms: The asking price is $500,000. This is an SBA transaction with a Buyer’s cash infusion of $50,000 and commercial lending of $450,000 plus SBA Fees. The SBA loan is for 10 years at an interest rate of 8% (subject to market rates) with a monthly payment of approximately $5,459.
Initial Investment: The buyer will need to have approximately $60,000 for the following acquisition costs:
Down Payment $50,000
Bank and Closing Costs $10,000
Directions: Contact Brent Freeman for more information at (503) 233-8600, Extension 2 or e-mail brentf@thecbbgroup.com.
No additional information will be released until the buyer has been pre-qualified by the Broker.
NOTE: THE BROKERS HAVE MADE NO INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED HEREIN