Passively owned Spa with Full Team of 25

Ankeny, IA


Asking Price: Annual Revenue:
$795,000 $1,414,654

Retail: Health, Beauty, Nutrition


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RE: Passively owned Spa with Full Team of 25 Broker: Courtney Sells
Owner Financing is Available!
10% Buyer Down Payment $79,500 10% Seller Financing or Equity $79,500 80% Bank Loan $636,000

Quick Facts

Asking Price: $795,000
Annual Revenue: $1,414,654
Net Profit: Not Disclosed
Cash Flow: $236,387
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 25
BBN Listing #: 664434398
Broker Reference #: SLF009-D

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Business Overview:

This franchised day spa offers passive ownership and an
established staff of 25+ including 1 Assistant Manager and 2
team leads that can run the day-to-day operations. This
establishment has over 800 active memberships with 3
different packages to choose from. In addition to the
aforementioned memberships, these services are also offered
to non-members without the membership deals and pricing.
Located in Central Iowa, this day spa has a wide array of
services offered including massage therapy, skin care, body
wraps, spa packages, men’s treatments, waking, lash
application and more. As with most spas and similar
operations, they were mandated to close their doors in 2020
for 2 months, yet still saw an increase in revenue and profit
that year. Following their re-opening, there has been an
increase in cash flows between 2020 to 2021, totaling over
$100,000. A new owner would have all of the assets needed
to continue on this uphill profit trend with an opportunity to
expand on the marketing strategies already in play. With over
$1.4 million in revenue in 2021, this business on a path to
even higher growth with the right ownership.

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. They have an edge
over the competition with their attention to detail, number of
services provided, price point, and their ability to provide a
real resort feel within their community.
The attractive price of $795,000 allows a buyer to see a
return of $138,214 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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Reason for Selling:

Taking a step back to focus on family

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:

Relevant Links:

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