Sioux Falls Area Personal Service Business

Not Disclosed, SD

Asking Price: Annual Revenue:
$199,000 $117,814

Retail: Health, Beauty, Nutrition

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RE: Sioux Falls Area Personal Service Business Broker: Bryan Mulder

Quick Facts

Asking Price: $199,000
Annual Revenue: $117,814
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $235,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 5
BBN Listing #: 3674955
Broker Reference #: 5401-16720

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Business Overview:

This niche turn-key business is a health and wellness spa where every last detail is designed to help you achieve optimal wellness and quality of life. Providing detoxifying benefits, restorative treatments, facials, and massage services as well. The lavish ambiance and professionalism from the initial greeting to ending your session delivers some of the highest levels of relaxation one would desire. Located in a progressive and affluent area, future growth is all but guaranteed. Buying this established business provides the buyer with an excellent location and a facility that would not need updating for many years. This business carries top professional lines of product as well.

The 2021 revenue number represents total sales LESS a couple of non-competing services that are currently not included in this sale. A mutual non-compete will be executed between the seller and the buyer regarding these two services. The two previous year revenues do include the services not included in this offering (about $45,000 each year). Factual data will be made available to interested parties showing the customers who utilize the services not included in this sale are overwhelmingly only customers for these two services. The other offerings and repeat customers will not be negatively impacted after the sale.

Total build out package when opened in 2018 was approximately $500,000.00.

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Property Features and Assets:

This business leases space that is adequate for current and future demand. Assets = $238,000.

Market Competition and Expansion:

There is competition in the area for a portion of the offered services. There is incredible room for growth as well as an opportunity to grow within this exploding community.

Reason for Selling:

The owner would like to pursue other interests.

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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