Wellness Center - Closed - Asset Sale

Campbell, CA (Santa Clara County)

Wellnes Spa

Asking Price:$149,000

Established:2015

Wellness Center - Closed - Asset Sale

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Asset Sale Description

Owner spent over $542,000 in new construction, furniture, appliances, equipment and operating losses to open this beautiful wellness center. She believes that building a smoothie bar in front may have been a mistake. The smoothie bar is constructed and equipped with the best stainless steel fixtures and best equipment money can buy, but she will take it out if a buyer doesn't want it. Business is located on a busy commute street with excellent visibility, street parking and a parking lot in back for clients. The building is a beautiful, new construction mixed use retail residential complex and the business is the first business to occupy the leased retail space.

The landlord will approve any legal use for this space that is approved by the city and also does not conflict the the other businesses located in the complex. Some possible uses might be 1. wellness center, 2. massage 3. medi-spa 4. nail salon 5. dental office 6. chiropractic office 7. insurance office. 8. real estate office 9. tax/bookkeeping/accounting business 10. veterinarian office. The configuration of tenant improvements lends itself to many applications, so if you have an idea, the owner and the landlord are up for it.

Detailed Information

Facilities:
2500 square foot wellness center on busy commute street in affluent city. Building is a beautiful, new mixed-use retail residential complex. The business has a glass storefront and excellent visibility. There is a parking lot plus street parking. The owner spent over $500,000 to build and open this business, then closed it after a month. The improvements include 4 massage/facial rooms (2 equipped for facials) and all have sinks, a smoothie bar, a beautiful reception desk, a retail area, a classroom, a counseling office, a business office, a beautiful tile ADA bathroom with a glassed in shower for clients, a changing room , a waiting room with nice furniture, a great ADA bathroom for the employees, a large break room/kitchen with new high capacity Samsung washer and dryer, both with steam. There are storage cabinets built in throughout. The owner designed this as a wellness center where clients would learn nutrition and yoga, get massages and facials, and purchase retail cosmetics and nutritional products and smoothies. The owner decided she was not the right person to run this business and elected to move on to a private practice.
Financing:
0
Support & Training:
None. This is an asset sale.
Reason for Selling:
Owner moved on to another business.

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Michael Floorman

Asset Sale Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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