Highly Profitable And Unique Spa Available In NC

Business Overview:

Don't miss this opportunity to own a very profitable and unique spa based in North Carolina, as there is nothing like this on the East Coast. This well-established spa has excellent margins, an excellent team and facilities and is positioned for continued profitability and growth under new ownership.

Financial Summary:

2023: Revenue: $4,356,351 | Net Income: $1,049,694 | Adj. EBITDA: $1,313,764

2022: Revenue: $4,196,265 | Net Income: $1,160,703 | Adj. EBITDA: $1,390,546

2021: Revenue: $3,001,662 | Net Income: $1,234,875 | Adj. EBITDA: $1,266,634

KEY HIGHLIGHTS:

Processes: Ownership has continuously focused on providing a very high level of service and systems to handle increased demand, giving them flexibility to handle future growth. From marketing to operations, new ownership will be stepping into a turn-key business with strong operational control. 

Skilled and Experienced Staff: The business has a dedicated and experienced team in place, ensuring smooth operations and consistent service quality. The knowledgeable staff contributes to the business's success and offers valuable expertise to the new owner.

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Property Features and Assets:

Well-Maintained Facilities: The owner continues to invest in facilities that are well-maintained, ensuring efficient operations and high-quality service. This commitment to maintaining top-notch facilities and levels of service has been a hallmark under this owner’s leadership.

Real Estate: Real Estate is owned by the owner in a 3rd party entity. The business pays market rent for the spa facilities as well as the office operations nearby. Current lease rates are factored into cash flow calculations for the business. The Real Estate will only be sold to the buyer of the business as part of the overall transaction. 3rd party real estate appraisals have recently been received to validate the real estate price being asked.

Market Competition and Expansion:

Growth Opportunities: The business has identified several additional areas for service expansion that a new owner could pursue, as well as utilizing existing service capacity more efficiently. These initiatives, combined with continued operational excellence, a unique setting, and growing trends of the spa industry, has this business positioned for continued success and growth. Processes: Ownership has continuously focused on providing a very high level of service and systems to handle increased demand, giving them flexibility to handle future growth. From marketing to operations, new ownership will be stepping into a turn-key business with strong operational control.

Consistent and Growing Customer Base: The business attracts a wide range of customers, including many repeat consumers, groups for special occasions, women's retreats, couples of all ages as well as mother-daughter outings. The business generates both local and regional demand due to its services and unique environment. The business has built a strong reputation.

Reason for Selling:

Retirement

Additional Details:

Documents:

Relevant Links:

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