Well Established Spa In Portland Oregon

Business Overview:

This is an elite well established, attractive wellness center and med spa in an ideal central, busy location that also provides discrete access to their customers. This business has created a luxurious, attractive and relaxing atmosphere in which they provide an extensive list of treatments and non-invasive, non-surgical aesthetic procedures by experienced and qualified staff. Their wellness spa services include massage, facials, hydrotherapy, body treatments, manicures, pedicures, waxing, and infrared sauna. As a med-spa their highly trained and qualified staff provide body sculpting, face lifting, treatments for fine lines and wrinkles and face sculpting, micro needling, cool sculpting elite, laser hair removal and more.

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Property Features and Assets:

Monthly Rent: $4,772.00

Square Units (Foot, Meter): 4,400

Lease Expiration Date: March 31, 2026, 3:00:00 AM

Terms Options: Base Rent plus NNN

Market Competition and Expansion:

Competition:

The medical spa industry has seen remarkable growth, with the global market valued at approximately $18.6 billion in 2023 and projected to grow at a CAGR of 15.13% from 2024 to 2030. This growth is driven by increased consumer awareness about self-care and anti-aging services, along with the rapid expansion of wellness tourism. Popular services in medical spas include facial treatments, body shaping and contouring, hair removal, scar revision, and tattoo removal, with a high demand for minimally invasive treatments like chemical peels and non-surgical skin tightening. The sector is highly fragmented, with numerous local and regional operators competing on quality, service offerings, and social media presence. Key players leverage personalized beauty treatments to justify premium prices and aim to integrate wellness architecture into their facilities. Meanwhile, the spa industry, encompassing day spas, resort spas, and destination spas, continues to thrive, driven by rising disposable income and sustained spending on discretionary spa services. Day spas constitute the majority of establishments, and diversified service offerings, particularly in anti-aging and medical treatments, have fueled industry growth. Spas compete on the basis of service quality, customer experience, and innovative treatments, with the integration of wellness-themed vacations and packages in hotels creating new growth opportunities. Both industries are poised for continued expansion, focusing on personalized and innovative services to meet evolving consumer demands.

Expansion:

There is an opportunity to enhance visibility and reach through platforms like Google ads, Instagram, Facebook, and direct email marketing with exploring new avenues and refining targeting parameters. To meet the growing demand for Body Sculpting, laser treatments, and injectables, a recruitment strategy should be considered. Leveraging available space strategically is another growth avenue, emphasizing high-margin services. The adaptability and multifunctionality of the treatment rooms present an opportunity for seamless transitions between different treatments, showcasing flexibility in service offerings.

Reason for Selling:

Additional Details:

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