Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$1,500,000 USD USA Dollars
Business for Sale Industry:	Services: Hair, Nails, Spas, Tanning
Reason for Selling:	Owner's schedule.
Year Established:	2004
# of Employees:	28
Yearly Revenues:	$1,250,000
Yearly EBITDA:	$323,000

Business for Sale Overview:

Truly an Asian experience nestled in the heart of one of NYC's trendiest areas. This Spa defines the word. They draw on exotic therapies from around the world encompassing Chinese, Ayuredic, European, Balinese, Oriental and Native American beliefs. The variety of facials, massages, body treatments, hand and foot treatments, and waxing are specifically designed for your individualized needs. You can only appreciate their services, their knowledgeable and attentive staff and the Asian experience by being there.

Property Features and Assets:

Brand new build out that took two years to complete contains two floors -- men's and women's treatment rooms are separated. Includes 13 treatment rooms, 1 waxing room, 7 showers, 2 changing rooms, restrooms, a couples lounge, an enclosed nail salon and a reception area designed to give you a sense of what lies ahead.

Market Competition and Expansion:

This is a one-of-a-kind Spa created to provide a truly Asian experience. Not your typical Spa, it has been operational only 1 year and has not yet reached its full potential, nor has management exercised effective cost controls. For example, not enough free lance or part time help was utilized. Instead, they were fully staffed regardless of anticipated downtime and more effective scheduling.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.