Profitable Med Spa In Portland Oregon

Business Overview:

This is a well-established and profitable wellness center and med spa strategically situated in Portland. The business has meticulously curated a luxurious and welcoming environment, offering an extensive range of treatments and non-invasive aesthetic procedures administered by experienced and certified professionals. Their wellness spa services include massages, facials, hydrotherapy, body treatments, manicures, pedicures, waxing, and infrared sauna sessions. Operating as a med-spa, their highly trained team specializes in body sculpting, face lifting, treatments targeting fine lines and wrinkles, facial sculpting, micro-needling, cool sculpting elite, laser hair removal, and more. This business holds substantial growth potential, and all serious offers will be considered during negotiations.

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Property Features and Assets:

Monthly Rent: $4,772.00

Square Units (Foot, Meter): 4,400

Lease Expiration Date: March 31, 2026, 12:00:00 AM

Terms Options: Base Rent plus NNN

Market Competition and Expansion:

Expansion: There is an opportunity to enhance visibility and reach through platforms like Google ads, Instagram, Facebook, and direct email marketing with exploring new avenues and refining targeting parameters. To meet the growing demand for Body Sculpting, laser treatments, and injectables, a recruitment strategy should be considered. Leveraging available space strategically is another growth avenue, emphasizing high-margin

Competition: The Health and Wellness Spas industry has demonstrated robust growth over the past five years, encompassing various facilities like day spas, resorts, and medical spas. Despite a temporary decline in 2020 due to COVID-19, favorable economic conditions contributed to industry resilience, with a projected Compound Annual Growth Rate (CAGR) of 1.1%, reaching $23.2 billion by 2023. In 2021, Americans recorded 173.0 million spa visits, rebounding from the significant drop in 2020. Day spas constitute the majority of establishments, and diversified service offerings, particularly in anti-aging and medical treatments, have fueled industry growth.

Reason for Selling:

Retiring

Additional Details:

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