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Exclusive Spa For Sale

18/wk
Hunterdon County, New Jersey, United States
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Asking PriceUndisclosed
Revenue$714,000 Established2001
Cash Flow$148,000 Employees16 full-time
FF&E$120,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Exclusive Spa offering various personalized services to its long-standing clients with a gross income of $714,000 and a net yearly income of $148,000. This twenty-year-old highly successful business is available due to owner’s retirement. The spa has a wonderful professional reputation with additional growth available by instituting new services which can include hair salon service, medical cosmetic treatments, and product sales. The salon is in a most affluent area of Hunterdon County, New Jersey and conveniently located near various state highways for customer’s convenience. The company is very proud of its highly experienced, certified professional staff / therapist, nail technicians and estheticians who maintain the daily operation. The salons staff has been with the company for many years and have helped achieve their reputation for delivering professional high-quality service to their loyal base of clients. They offer a wonderful experience in a relaxing old world setting where they strive to make every client feel special and appreciated. This industry requires New Jersey State government licensing approval to operate. This company has sixteen full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $33,330. The salon consists of a free stranding commercial facility, on an active county road, approximately 2,900 square feet and has an estimated capacity for thirty customers. The company’s fixed assets has an estimated value of approximately $120,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped commercial salon, which includes web site, personalized equipment, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking for 12 vehicles on site as part of the sale. This successful salon spa business operation is active six days per week, closed Monday, with hours from 9:00 am to 6:00 / 7:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The business and real estate have been valued based on a multiple of the net yearly income, property value, and the specific business assets. The owners desire to retire and can include the sale of the property. The transaction can include some owner financing to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 32% investment return to the owner operator prior to debt service. This business transaction also offers an opportunity to purchase the property and based on a 25-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The business is located in Northern / Central New Jersey on an active county road close to various highways. This spa services various affluent communities throughout Somerset, Morris and Hunterdon County. This retail facility, which consist of multiple floors and 2,900 square feet has a quaint and attractive appearance. The business is in a beautiful older Victorian building on a commercial avenue.
Competition:Although competitors presently exist in the industry, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The salon can offer additional services such as hair and color, tanning, medical beauty treatments such as Botox and Juvaderm services.
Training/Support:The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Available to a qualified buyer.
Sale Reason:The sale is due to the owner is retirement after many successful years.
Ad #99972
Seller Reference #SLN158
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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