Aesthetic Medicine Spa
www.GlobalBX.com
Listing ID:
700235083
Listing Title:
Aesthetic Medicine Spa
Quick Link:
http://www.globalbx.com/listing.asp?bId=235083
Industry:
Health and Medical
Industry Segment:
Health Clubs and Spas
Country:
United States
State / Province:
California
Area
Southern California - All Southern California
City:
San Fernando Valley
Asking Price Range:
< $250K
Gross Revenues:
$2
Cash Flow:
Seller Will Provide
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2013
Number of Employees:
1 - 3
Business Description:
A fresh new Medical Spa has come onto the market. It's been operating profitably for 1 1/2 years. A grueling 3-hour daily commute has become a nightmare for the successful operator, who is reluctantly ready to sell. The operator, a certified Physician Assistant, spent months prior to opening building an inviting peaceful environment; one that's perfectly compatible for a cosmetic spa experience.
Unlike many of its sterile looking competitors it wisely has great appeal to the Gen X generation, the key target market for cosmetic Spa's. Over $70,000 of leasehold improvements, laser equipment, micro abrasion machines and much more are fully paid for and included in the sale. The space includes 3-exam rooms, a private bath & small kitchen, all upscale and tastefully done. Operating expenses are low; the rent is only $1700 / month.
The operator underestimated the physical and mental toll of the commute and frequent traffic problems. The commute forced the operator to adapt an appointment only policy...refusing walk-ins in an area with reasonably good foot traffic. This policy of limited hours has clearly negatively limited revenues and profits. Given the low overhead, any added sales from a more flexible work day will have a very positive impact on profit margins...given that most of the added revenue would go right to the bottom- line.
In spite of the limited work schedule, the business currently generates a bit over $100,000 a year in net profits. The current owner is willing to commit a total of thirty-five (35) hours of transition training over a four (4) week period, as needed, on a part time basis.
This is an opportunity to take over an existing, turn-key Spa with leasehold improvements and equipment valued at over half the purchase price. Importantly, it also includes an existing profitable customer base; and it's all located in a great, upscale high population Valley location.
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