Just Reduced! Recently Opened, Beautiful Luxury Spa

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Absentee Operated, Membership Based, $500,000 Discounted Price.
Asking Price:
$298,500

Gross Revenue:
$500,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$2,500
included in asking price

FF&E:
$120,000
included in asking price

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Business Description

This luxury spa opened approximately one year ago and caters to clients and guests seeking a unique experience found only in area five-star ski resorts, which in most cases charge twice as much for the same services. The current membership base is around 200 and steadily growing. The business is almost entirely absentee operated and comes with a complete, fully licensed and highly trained, motivated staff. The spa offers massages, facials, and a broad selection of the most popular treatments at flexible and affordable pricing options. The environment provides a resort like experience with changing areas, retreat areas and a high-degree of guest customization that are not found in other franchised or independent massage or spa business models. In its first year, the spa boasts high customer retention and conversion of first time guests to monthly members. The monthly membership model (at tiered pricing) creates a consistent, predictable cash flow. The Spa is being offered at over a $500,000 discount to the initial set up and working capital costs because the current owner has a medical crisis and must sell. The spa is on track with the current owner’s initial business plan and this is a proven concept based on the Franchisor’s Item 19 FDD financial disclosure. There is consistent training and support provided by the franchisor’s corporate office and the new owner will also assist during a transition period if needed.

About the Business

Year Established:
2017
Number of Employees:
16
Home Based:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,258
Lease Rate/Sq. Ft./Mo.:
$8,390.00
Lease Expiration:
12/7/2026
Facilities:
• Owner Financing Available
• Absentee Operated
• All Initial Costs & the Work of Opening the Doors Have Been Done
• Being Sold at a $500,000 Discount to the Cost and Initial Development of a New Spa
• Highly Successful Business Model Supported by an Experienced Franchise Team
• Unique Exceptional & Customized Customer Experience
• Membership Base Consistently Growing & Meeting Initial Expectations
• Resort-Quality Experience
• Existing Owner has Already Incurred the High Working Capital Expense Required
• Two Hundred Members & Steadily Growing
• Ongoing Support & Training Provided by a Highly Experienced Corporate Team
• Validated Concept
Market Outlook/
Competition:
The three main competitors are high-end resort spas, individual therapists, and other membership-based massage clinics, this business has clear advantageous over each of the type of competitors based on affordability, range of services, atmosphere, ability to attract qualified employees, and highly diverse revenue stream. This is a proven business model that has evolved and has been honed over the last ten years.
Growth & Expansion:
This is a relatively new spa that has plenty of capacity to accommodate both monthly members and walk-in guests without requiring additional space, more staff, or capital expenditure. There is also the opportunity to develop the brand in additional locations for the right buyer.
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About the Sale

Reason For Selling:
Serious Health Issues
Training/Support:
The new owner will be provided a comprehensive training both on site and at corporate headquarters. The training is ongoing, wide-ranging and covers all facets of managing and growing a successful spa. A new owner does not need specific spa or medical experience but must demonstrate a successful record of accomplishment and have a minimum net worth of $500,000.

Listing Info

ID:
1519294
Ad Detail Views:
812

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$
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Business Listed by

Aimée Christiansen

Transworld Business Advisors of Utah
License# -

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Sponsoring Broker:

Saul Komisar
Transworld Business Advisors of Utah
License# 10836346-SA00

U.S. Census Data for Salt Lake County, UT
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Salt Lake County, UT
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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