Business For Sale

Elegant Day Spa

Not Disclosed, NJ
Hunterdon County


Asking Price: Annual Revenue:
Not Disclosed $607,800

Services: Hair, Nails, Spas, Tanning


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RE: Elegant Day Spa Broker: Ron Cervelli
Owner Financing is Available!
Can be available to a qualified buyer.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $607,800
Net Profit: Not Disclosed
Cash Flow: $134,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 16
BBN Listing #: 42543909
Broker Reference #: SLN178

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Business Overview:

Exclusive Spa offering various personalized services to its long-standing clients with a gross income of $607,800 and a net yearly income of $134,000. This highly successful business is available due to owner’s retirement. The spa has a wonderful professional reputation with additional growth available by instituting new services which can include hair salon service, and medical cosmetic treatments. The business has approximately 500 steady clients, they perform approximately 1,200 facials and 1,746 massages yearly. The salon is in a most affluent area of Hunterdon County, New Jersey and conveniently located near various state highways for customer’s convenience. The company is very proud of its highly experienced, certified professional staff / therapist, nail technicians and estheticians who maintain the daily operation. The spas staff has been with the company for many years and have helped achieve their reputation for delivering professional high-quality service to their loyal base of clients. They offer a wonderful experience in a relaxing old-world setting where they strive to make every client feel special and appreciated. This company has sixteen full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $33,330. The company’s fixed assets has an estimated value of approximately $120,000 which is based on equipment and licensing replacement cost. This successful salon spa business operation is active six days per week, closed Monday, with hours from 9:00 am to 6:00 / 7:00 pm. The business has been valued based on a multiple of the net yearly income, and the specific business assets. The transaction can include some owner financing to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

The business is located in Northern / Western New Jersey on an active county road close to various highways. This spa services various affluent communities throughout Somerset, Morris and Hunterdon County. This retail facility, which consist of multiple floors and 2,900 square feet has a quaint and attractive appearance. The business is in a beautiful older Victorian building on a commercial avenue. There are 7 treatment rooms, commercial retail space, 2 waiting rooms, and an employee breakroom.

Market Competition and Expansion:

Although competitors presently exist in the industry, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The salon can offer additional services such as hair and color, tanning, medical beauty treatments such as Botox and Juvaderm services.

Reason for Selling:

The owner is retiring after many successful years.

Additional Details:

  • The property is owned.
  • The owner is 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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