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Asking Price$465,250
Revenue$118,137 Established1987
Cash Flow$34,435 Employees5 full, 1 part
FF&EUndisclosed FranchiseNo
Inventory$7,000 RelocatableNo
Real Estate$252,000 Home-basedNo
* Included in Asking Price
The Company is a comfortable, relaxing Day Spa for men and woman with beautifully decorated rooms that are spacious and private. The friendly staff is highly professional and trained in all the latest and most innovative spa services. The Company offers manicures, pedicures, facials, massage, permanent make-up and several other spa services. The business includes four highly professional massage therapists, a licensed esthetician, a cosmetologist and a certified permanent makeup artist. The Company provides a range of services including European style facials, deep cleansing, exfoliation, LED facials and Infrared Body wraps. The Company's expertise is determining the exact treatment and experience for clientele with strict sanitation guidelines. The Company is devoted to overall well-being through a variety of professional services that encourage the renewal of mind, body and spirit. The Company’s primary market area is within the greater Syracuse area. The Company sells Mineral Make Up application products to retail customers. The Company buys and sells all of its products in a competitive marketplace. The Company has no proprietary products or exclusive rights to sell its products.
Facilities:The Company is fully housed in approximately 1,995 square feet stand alone building of Day Spa/receptionist space. The building ownership was transferred to the owner this year. The building and equipment had been leased by the owner's husband for $21,600 annually.
Competition:The Company is known for its 23 years of experience and superior client relationship building ability. The Company’s favorable business strategy is its ability to be able to deliver exactly what the customer wants/needs to precise specifications within the needed time frame.
Growth Potential:The active customer base includes approximately 675 different massage clients. No one customer accounts for more than 8% of total annual sales. The vast majority of customers have been repeat customers for many years. New customers are developed primarily through the company's comprehensive marketing program. The Company has experienced a stable and relatively predictable sales base for the last 23 years. Gift certificates and spa packages are offered to facilitate referrals. The Company does not have any binding contracts with any of its customers.
Training/Support:The seller will remain with the Company after the sale as a paid employee/contactor/on-demand consultant for a period of 12 months to assist with the transition of ownership.
Seller Financing:70% for 10 years at 7% interest
Sale Reason:Retirement
Ad #17771
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Contact This Seller
Barbara Molvar
Amazing Business Broker
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