French Quarter Day Spa – 27% Profit Margin

New Orleans, LA Orleans County

Asking Price: $655,000

Annual Revenue: $891,404

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RE: French Quarter Day Spa – 27% Profit Margin
Contact: Cortney Sells

Owner Financing is Available!

Purchase Price: $655,000 10% Buyer Down Payment$65,500 10% Seller Financing$65,500 80% Bank Loan$524,000 A 10% down payment of $65,500 returns $108,954 in the first year after debt payments!

Quick Facts

	Asking Price:	$655,000
	Annual Revenue:	$891,404
	Net Profit:	Not Disclosed
	Cash Flow:	$206,241
	Total Debt:	Not Disclosed
	FF&E:	$53,000
	Real Estate:	Not Disclosed
	Year Established:	2004
	Employees:	27
	BBN Listing #:	431134398
	Broker Reference #:	SLF006

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Business Overview:

Priced at $655,000, a 10% down payment of $65,500 returns $108,954 in the first year after debt payments – a 166% return on investment! Located in the heart of the French Quarter, this day spa offers massages, facials, pedicures, manicures, and body treatments, and they have a variety of skincare and body products on hand. The experienced team includes 14 massage therapists (9 of them are W-2 employees, 5 are 1099’s), 4 estheticians, 3 nail techs, and 4 front desk personnel. Each team member is state licensed and board certified. Using top-notch ProSolutions spa software makes it easy for the 2 owners to run the business from home; it includes an appointment book, inventory controls, and client history & tracking, as well as automated marketing and unlimited reports.

Within their 2,000 sq. ft. space, their furniture and equipment consists of 4 massage tables, 2 pedicure chairs, 2 manicure stations, 4 wax carts, 2 chair massage units, 2 fully furnished locker rooms, headrests, a washer & dryer, linens, robes, towels, sheets, supplies, and a wall of upscale retail products.

Massages/couples’ massages are their most popular service, averaging $115 per hour. Their superior services lead to word-of-mouth advertising and a solid reputation among locals and tourists. Growth would be exponential with the addition of online retail sales and expansion of marketing and social media platforms, as well as adding services such as make-up and blow-outs.

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Property Features and Assets:

: 2,000 sq. ft. space

Market Competition and Expansion:

Growth Opportunities: Add online sales for retail products, offer make-up services & blow-outs

Reason for Selling:

Retirement planning.

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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