Reduced-Medical Spa / Spa / Full Service Salon

Not Disclosed, TX
Travis County


Asking Price: Annual Revenue:
$1,499,000 $1,497,078

Services: Hair, Nails, Spas, Tanning


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RE: Reduced-Medical Spa / Spa / Full Service Salon Broker: Bobbi Coffey
Owner Financing is Available!
$600,000.00

Quick Facts

Asking Price: $1,499,000
Annual Revenue: $1,497,078
Net Profit: Not Disclosed
Cash Flow: $296,814
Total Debt: Not Disclosed
FF&E: $490,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 12
BBN Listing #: 261144107
Broker Reference #: 76931-920643

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Business Overview:

Looking for a great opportunity turn-key, ready to roll, with tremendous upside? This is a beautiful full service medical and wellness spa offering Cool Sculpting, Laser Lipo, Skin tightening, Laser Hair Removal, Cryotherapy, Infrared Therapy, Botox and Fillers, Hydration Therapy, Medical Weight-loss, Hormone Replacement Therapy, Collagen Induction Therapy, full service salon and hair services, facials, and massage. Gorgeous buildout - over $550k was spent on leasehold improvements. Also included is all related spa and medical equipment and other FF&E, which was more than $500k to acquire. 30% growth 1Q19 from 4Q18.

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Property Features and Assets:

No expense was spared testing various service offerings, marketing models, and new products for the franchise's future flagship locations. As the first of it's kind, the model was refined for the Texas market. Now that the offerings have been streamlined and formulated for the Texas market, the location has transitioned into growth and new customer acquisition mode for 2019 with increased revenues month over month. The benefit to a new owner is that these expenses have already been absorbed by the owners. As a flagship location, there is also broad flexibility to modify services and products. The owners are refocusing their efforts on building out additional locations for franchisees. The flagship location will enjoy additional revenues not included in the Pro-forma as the training center as new locations are added in the Texas market. The location also has protected territory in the Austin area. Training can be conducted on premise and on-site for new locations and also be an additional revenue stream. Product research, formulations, application development, automation, legal, and software develop has been completed for the Texas market and can be sold to other franchisees, of which the owners have spent considerable financial and personal resources to develop. Beautiful, upscale location; end cap positioning

Market Competition and Expansion:

Various marketing mediums have been used and tested for the Texas market as they vary market to market. As seen in most recent revenue numbers, customers continue to increase as they transition to the bread and butter marketing styles for 2019 after market testing. Customer acquisition is expensive up front, but customers are loyal as seen with their 5 star reviews. They have more reviews than competitor locations that have been open for 10 years. Repeat customers are every 3 months for medical services. Profitability typically continues to increase through year 2 and 3 as repeat customers offset customer acquisition costs. Most services have excellent growth potential as most marketing has been focused on Botox medical services and is now transitioning into other growth areas. Additional growth potential in spa and massage memberships as these have not been marketed to date. Coolsculpting has huge revenue potential as marketing for these services is just starting.

Reason for Selling:

Investment.

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 not a franchise resale opportunity.

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