Day Spa - Absentee Owner - Financing in place

Ankeny, IA
Polk County

Ankeny/Des Moines Area


Asking Price: Annual Revenue:
$905,000 $1,414,654

Services: Hair, Nails, Spas, Tanning


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RE: Day Spa - Absentee Owner - Financing in place Broker: Jared Olson
Owner Financing is Available!
Buyer Down Payment $75,000 Seller Financing $100,000 Bank Loan $580,000 Seller Escrow for Gift Cards $150,000

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

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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 a homebased business opportunity.
  • This is a franchise resale opportunity.

Documents:

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