Business For Sale

Just Reduced! Recently Opened Luxury Spa-Absentee

Not Disclosed, UT
Salt Lake County

Asking Price: Annual Revenue:
$298,500 $500,000

Services: Hair, Nails, Spas, Tanning

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RE: Just Reduced! Recently Opened Luxury Spa-Absentee Broker: Aimee Christiansen
Owner Financing is Available!

Quick Facts

Asking Price: $298,500
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 10
BBN Listing #: 86549963
Broker Reference #: 1401-808241

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Business Overview:

This luxury spa opened approximately one year ago and caters to clients and guests seeking a unique experience found only in area five-star ski resorts, which in most cases charge twice as much for the same services. The current membership base is around 200 and steadily growing. The business is almost entirely absentee operated and comes with a complete, fully licensed and highly trained, motivated staff. The spa offers massages, facials, and a broad selection of the most popular treatments at flexible and affordable pricing options. The environment provides a resort like experience with changing areas, retreat areas and a high-degree of guest customization that are not found in other franchised or independent massage or spa business models. In its first year, the spa boasts high customer retention and conversion of first time guests to monthly members. The monthly membership model (at tiered pricing) creates a consistent, predictable cash flow. The Spa is being offered at over a $500,000 discount to the initial set up and working capital costs because the current owner has a medical crisis and must sell. The spa is on track with the current owner’s initial business plan and this is a proven concept based on the Franchisor’s Item 19 FDD financial disclosure. There is consistent training and support provided by the franchisor’s corporate office and the new owner will also assist during a transition period if needed.

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Property Features and Assets:

All assets are relatively new and in excellent working condition as is the build-out of the Spa, which is well-appointed and well designed. The environment has an upscale, branded feeling that makes the guests feel pampered. It is consistent with destination resorts that charge 50-100% more for the same services.

Market Competition and Expansion:

The three main competitors are high-end resort spas, individual therapists, and other membership-based massage clinics, this business has clear advantageous over each of the type of competitors based on affordability, range of services, atmosphere, ability to attract qualified employees, and highly diverse revenue stream. This is a proven business model that has evolved and has been honed over the last ten years. This is a relatively new spa that has plenty of capacity to accommodate both monthly members and walk-in guests without requiring additional space, more staff, or capital expenditure. There is also the opportunity to develop the brand in additional locations for the right buyer.

Reason for Selling:

Serious Health Issues

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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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