Business Overview:
Income $157,440, business continues to grow. Revenue $782,291. FF&E valued at approximately $100,000 and current Leasehold improvements of $60,000. $20,000 in inventory included in sale price. You can buy this High Quality Spa for $1,200,000. Elegant 3,600 sq. ft. building/Real Estate available for purchase $850,000 or $36k annual triple net lease. Established is 2007, this beautiful upscale Spa experienced explosive growth from the time it opened. The Spa continues to attract a high volume of customers due to a successful advertising campaign throughout the Tampa Bay area. The spa has a client data base of approximately 100,000 customers and growing, with 2,200 clients plus on average booking appointments every month. Clientele includes locals, out of county residents and tourists from all over the world who return on a regular basis. The business was Named Best of Beaches by Readers Choice in 2007, 2008, 2009, and 2010 for massages. Elegant interior and an excellent high profile location, this massage spa is fully licensed, staffed, and equipped to handle the needs of all clientele. 26 massage therapists (all 1099 contractors, with own licenses), 4 estheticians, 3 nail techs, and 4 front desk receptionists combine to provide superior customer service in all aspects of a spa experience. The business has 8 massage rooms, 1 esthetic room, and 1 nail room with 2 pedicure chairs and was recently renovated with an outside deck for cabana massages. The Spa offers first class amenities at affordable competitive pricing that accommodates all budgets. A broad range of services are offered including different types of massages, a wide selection of facials, manicures, and pedicures plus more. Also available is a Romantic Island Excursion with elegant catering that includes Champagne, Wine, and Beer with boat and equipment. The business offers services at residences and hotels. This is a dynamic business with considerable growth potential for a qualified buyer that wants to expand this business and take it to the next level.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Assets: Total Estimated Asset value including FF&E and Leasehold Improvements is $160,000.
A. FF&E estimated value is $100,000. A complete FF&E list is available to a qualified buyer who has signed a confidentiality non-disclosure agreement with Business Ventures of Tampa Bay Inc.
B. Lease hold Improvements estimated value is $60,000 includes fencing, deck, landscaping, updated rooms, plumbing, electrical, carpet, paint, security system, and lighted signs.
Lease: The Spa operates from a 3,600 square feet building owned by the seller and available for purchase at $850,000, or lease.
Market Competition and Expansion:
The business has successfully advertised in various publications, TV, special events donations (silent auctions), logo on vehicles, door hangers, and website.
A. The Spa could potentially expand in other Florida Markets attracting clients from Orlando/Lakeland increasing traffic resulting in increased sales revenue and earnings base.
Reason for Selling:
Owner wants to pursue other business interests
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: