Profitable Iowa Day Spa with established clients

Ankeny, IA
Polk County

Des Moines Metropolitan area


Asking Price: Annual Revenue:
$790,000 $1,414,654

Services: Hair, Nails, Spas, Tanning


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RE: Profitable Iowa Day Spa with established clients Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $98,750 12.5% Seller Financing or Equity $98,750 75% Bank Loan $592,500

Quick Facts

Asking Price: $790,000
Annual Revenue: $1,414,654
Net Profit: Not Disclosed
Cash Flow: $256,295
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 25
BBN Listing #: 921734398
Broker Reference #: SLF009

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Business Overview:

This Central Iowa based day spa offers a wide range of services such as massage therapy, skin care, body wraps, men’s treatments, waxing, lash application and more. This is a great opportunity for someone looking to either get into the day spa business, or those interested in owing a profitable and self-sufficient business in Iowa. With 25 staff members, including a manager, assistant manager and 2 team leads, this creates the perfect opportunity to continue with passive ownership. This day spa boasts over 800 active memberships spanning their 3 types of memberships, though services are also offered to non-members without the membership deals and pricing. As with most spas and similar operations they were mandated to close their doors for 2 months in 2020, yet still saw an increase in revenues and profit that year. Following reopening there has been an increase in cash flows between 2020 and 2021 totaling over $100,000. With over $1.4 million in revenue in 2021 this business is on a path to even higher growth with the right ownership and planning!

This day spa works with clients of all ages from the surrounding towns and counties. Pricing was raised at the end of 2021, though many members were grandfathered in for the 2022 year. Starting in 2023, this will be an automatic additional $7K+ per month in revenue. Based on the revenue for 2021 that would add up a total of $1,498,503 in revenue and based on the current profit margin of 18% that bumps the cash flow up to $269,730 only including current expected price changes, not including any new customers in the coming years. They have an edge over the competition with their attention to detail, number of services provided, price point, and doing their best to provide a real resort feel just right around the corner.

The attractive price of $790,000 allows a buyer to see a return of $140,767 in the first year after debt payments! This location is seeing incredible year over year growth with no sign of slowing down.

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Property Features and Assets:

Lease: 3,600 sq. ft. for $8,362/month, including CAM; in a strip, about 5 years left

Market Competition and Expansion:

Growth Opportunities: Advertising, getting more evening/weekend workers, open a second location/go into a bigger location (the market is there for it)

Reason for Selling:

Reason for Selling: Taking a step back to focus on

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 a franchise resale opportunity.

Documents:

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