Under Agreement Award Winning Spa

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Asking Price:
$550,000

Gross Revenue:
$1,000,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$96,000
included in asking price

Real Estate:
$445,000
not included in asking price

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Business Description

Rare opportunity to own an award-winning Day Spa (consistently voted "Best Of" for Massage and Day Spa) with a strong financial performance hitting the $1M+ mark with a Cash Flow of $250k+. This is a well-established, turn-key, profitable relaxation destination that draws clientele from local and regional New England, including eastern NY state. Featuring private hot tub rooms, infrared saunas, steam room, and a team of experienced Licensed Massage Therapists for individuals and couples massage and spa services, serving both women and men. The spa facility is a beautiful southwestern-themed retreat that is a community institution, known for their excellent reputation, professionalism, practitioners, and superior customer service. They receive referrals from local physicians, hotels, B&b's and fitness centers. It has had a consistent upward growth pattern since opening in 2007. Original owners are retiring; management team in place.
Asking Price for Business is $550,000
Business & Real Estate is $995,000

About the Business

Location:
Hampshire County, Massachusetts
Year Established:
2006
Number of Employees:
7
Real Estate:
Owned
Building Sq. Ft.:
2,720
Facilities:
Located in an attractive stand-alone brick building. The building consists of 2,720 s.f. with a partially finished basement area of another 2,080 sf that is easily convertible. New HVAC, electrical, roof replacement and plumbing system.
Market Outlook/
Competition:
While there is some competition, none are considered a serious threat. This business draws clientele from local and regional New England, including eastern NY state, clients visit from up to 2 hours away.
Growth & Expansion:
Business is turn-key and primed for further growth.
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About the Sale

Reason For Selling:
Our clients are seeking retirement.
Training/Support:
The owners will provide transitional training as well as key people and most other employees would like to continue on with new owners.
Seller Financing:
Possibly some seller financing for a well qualified buyer

Listing Info

ID:
1594315
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  CA Craig Miller rev. 020818.pdf (124 KB)
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Business Listed by

Christopher George, CBOA

George & Company/CentralBrokers

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