Renowned Day Spa in New Jersey

Not Disclosed, NJ
Bergen County

Asking Price: Annual Revenue:
$370,000 $504,961

Services: Hair, Nails, Spas, Tanning

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RE: Renowned Day Spa in New Jersey Broker: Ray Palombi

Quick Facts

Asking Price: $370,000
Annual Revenue: $504,961
Net Profit: Not Disclosed
Cash Flow: $148,426
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 12
BBN Listing #: 9026344
Broker Reference #: 3570

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Business Overview:

Renowned Day Spa in upscale Bergen County location offering the finest in skin care, hair removal and massage & rejuvenation therapies. The business has an excellent history, brand identity, loyal clientele and attractive setting. It was recently expanded to accommodate more clients and potentially, additional services (salon). A trained staff of experts is in place to assist the new owner. Great opportunity to become an entrepreneur in the prestigious Health & Beauty field!

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Property Features and Assets:

Lease terms: 5 years with additional 5 year option

Market Competition and Expansion:

Personal services are in strong demand, particularly in high income areas. It tends to be a high profit business with a substantial employee pool. It can be operated directly by owner, or as a general management model. Approximately 25% additional treatment capacity was added in 2019, which will increase revenue vs. 2018. Revenues of the Day Spa business segment are expected to rise as Baby Boomers age. The affluence and disposable income of this group has been a key driver in the growth of personal services.

Reason for Selling:

Family considerations.

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.

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