High End Medical Wellness Spa in Affluent Seaside

Not Disclosed, MA
Barnstable County


Asking Price: Annual Revenue:
$724,900 $705,149

Services: Hair, Nails, Spas, Tanning


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RE: High End Medical Wellness Spa in Affluent Seaside Broker: Timothy Larrabee
Owner Financing is Available!

Quick Facts

Asking Price: $724,900
Annual Revenue: $705,149
Net Profit: Not Disclosed
Cash Flow: $264,524
Total Debt: Not Disclosed
FF&E: $300,837
Real Estate: Not Disclosed
Year Established: 2003
Employees: 9
BBN Listing #: 557662860
Broker Reference #: 12821-444871

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Business Overview:

Are you an experienced medical professional looking to own a high end salon medspa in a beautiful ocean community? Here is a profitable, well-diversified business with multiple revenue makers under one roof including esthetics, massage/body treatments, bridal makeovers, lash bar, waxing, spray tans, nail bar, makeup bar and a full suite of separate hair styling rooms for cutting, shampoo and coloring. The spa’s interior is a gorgeous, custom-designed oasis with 14 treatment rooms, 2 bathrooms, spa lounge w/fireplace and a large, open foyer with product display cases, a makeup bar and an elegant curved reception station.

The business averaged $743,000 in annual revenue from 2015-2019 and even managed to gross $392,000 during the year of pandemic shut downs. According to the Seller, the next step to dramatically increase revenue is to integrate popular medical procedures such as CoolSculpting, Botox and fillers, laser hair removal and laser facial rejuvenation into the existing menu of services, thereby creating that “one-stop beauty shop”. The owner is willing to provide buyer financing and training options for a qualified buyer. The asking price includes the business tradename, equipment, furniture, fixtures and customer list. Retail inventory paid for separately.

This business was formed in 2003 by a prolific technology executive who wanted to create a one-of-a-kind salon that offered a large variety of treatments under one roof. For nearly 20 years, the business has been able to remain profitable in a very competitive field by integrating both traditional and medical spa services into the operations model. The business is setup to be easily managed remotely, if needed.
There are no real competitors in the area that are large enough to provide the same variety of services in one location. There is a typical mix of standalone salons, massage parlors and smaller spas in the region but they are limited in their ability to diversify into emerging trends such as medical treatments. With thousands of past customers and a highly visible location, this business has all of the attributes necessary to remain the dominant competitor in the marketplace.

This business offers an energetic buyer a lot of potential for sales growth and profitability.

Below are a few recommendations suggested by the Seller:

* Integrating CoolSculpting, Botox and fillers, laser hair removal, laser facial rejuvenation, device integrated facials etc into existing spa services. Current revenue would support launch with only medical equipment costs.
* Build a complimentary bridal business by utilizing the stellar reputation and prominent location of the business and promote a hair salon, makeup bar and spa as a studio for trials with services delivered on location.
* Add an online store to the company website to reach 24/7 retail customers. Expand into additional medical skin care lines, medical makeup and other products.

The business is located in a commercial brick building situated on a downtown corner lot in an affluent town. This ground level unit measures approximately 5,300 square feet and has an architecturally-designed interior by a noted Chicago firm with custom furnishings, classical columns, 14 treatment rooms, 2 spa lounges, waiting area and a host of other rooms for storage, laundry, supplies, employees and management. There is a large storage area in the basement. The spa entrance has multiple glass windows which provide ample natural light and the building rear has a wheelchair access ramp and delivery entrance. The back parking lot has 6 designated parking spaces.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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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