Day Spa - Absentee Owner - Financing In Place
Ankeny, IA Polk County
Ankeny/Des Moines Area
Seller's Contact Information
- RE: Day Spa - Absentee Owner - Financing In Place
- Contact: Jared Olson
Quick Facts
| Asking Price: | $905,000 | |
| Annual Revenue: | $1,414,654 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $269,161 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 25 | |
| BBN Listing #: | 239434398 | |
| Broker Reference #: | SLF009-F |
Business Overview:
This establishment has over 800 active memberships with 3 different packages to choose from. In addition to the memberships, these services are also offered to non-members without the membership deals and pricing. With over $1.4 million in gross revenue in 2021, this business is on the path of continual growth. The purchase of this franchised day spa has $100,000 of seller financing and $150,000 of seller escrow included in the asking price! A new owner would have all of the assets needed to continue on this uphill profit trend while maintaining the operation’s current passive ownership with the business’s established staff of 25 including 1 Assistant Manager and 2 team leads that can run the day-to-day operations. Located in Des Moines area, this day spa has a wide array of services offered including massage therapy, skin care, body wraps, spa packages, men’s treatments, waking, lash application and more. This day spa works with clients of all ages from the surrounding towns and counties and new ownership will have the opportunity to continue expanding this client base by maintaining or building upon the current marketing strategies already in play.
As with most spas and similar operations, this business was mandated to close their doors in 2020 for 2 months, yet still saw an increase in revenue and profit that year. Pricing was raised at the end of 2021, though many members were grandfathered in for the year of 2022. Starting in 2023, this will be an automatic additional $7K per month in revenue. They have an edge over the competition with their attention to detail, number of services provided, price point, and their ability to provide a real resort feel within their community.
The attractive price of $905,000 would allow any type of buyer to consider this listing. No spa or business background necessary for purchase! This location is seeing incredible year over year growth with no sign of slowing down.
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Property Features and Assets:
Lease: 3,600 sq. ft. for $8,362/month, including CAM; in a strip, about 5 years left
Reason for Selling:
Taking a step back to focus on family
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
Relevant Links:
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