Seller Financing Available
Gross Revenue: $432,000
Rate/Sq. Ft.: N/A
Established South Florida Franchise Day Spa
Beautiful day spa located in an exclusive area of Boca Raton, Florida, in an upscale plaza catering primarily to female customers. This growing, well-managed day spa is the combination of beauty and art in the hands of waxing, massage, and skincare professionals, working in a serene and peaceful environment. The Spa is a membership-based franchise that empowers its members to look and feel their best. This location was established in March 2014 and has grown steadily since opening, increasing its membership base to well over 180 members, with sales increasing approx. 45% this year over 2015. Monthly sales are tracking up nicely, with average monthly sales in 2014 at $10,700, $18,700 in 2015 and $25,500 in 2016. Services provided include skincare, microdermabrasion, waxing, massage, make-up and a blow dry bar.
Different Types of Facials: • Image Organic Facial • Image Oxygen Facial • Image Maximum Results Facial • Image Illuminating Results Facial • Image Vitamin C Facial • Image Acne Facial • Yon-Ka Purifying Facial • Yon-Ka Anti-Aging Facial • Yon-Ka Hydrating Facial • Teen Facial Waxing: The Spa uses the highest quality waxes from France and Italy. Warmed to a safe level and applied just above skin temperature, their waxes are comfortable and effective. Advanced Skincare: • Peels: Customized IMAGE peels offer unparalleled results for specific skin conditions including acne, pigmentation, lines and wrinkles, skin tone, and brightness. The goal is to lighten, brighten and tighten. • Microdermabrasion: To help achieve radiant, smooth skin with their diamond-tipped microdermabrasion. Targeting fine lines and wrinkles, smooth irregular texture, and reduce the signs of acne scarring. The goal is to erase damaged skin and reveal the fresh skin beneath. • Microcurrent facelift: A revolutionary alternative to facial surgery. This non-invasive rejuvenation treatment produces amazing results in skin tightening and tone. Clients see an immediate difference. The goal is to look years younger. Blow Dry Bar: The Spa also features a blow dry bar as an additional revenue source. The Spa is dedicated to giving clients a 'fresh from the salon' look but with everyday convenience. Services include a variety of blowout and hair styling services featuring both curly and sleek styles. Memberships: The Spa's members look forward to treating themselves to waxing, facials and spa services every single month. Members feel better by keeping a consistent schedule for their waxing or skincare needs. They can see noticeable results and improvements over time. Membership fees are handled through monthly EFT providing additional revenue stability for the business. All members receive: • Discounts on all service rates. • Couples and family member discounts. Members can add on additional memberships at a reduced rate. • Exclusive member appreciation events several times per year. • Rollover benefits. If spa credits are not used one month they carry over to next month. Please refer to listing number 6401-66672 and advisor Angel Gonzalez when inquiring.
Inventory: Included in asking price
Real Estate: Leased
Building Sq. Ft.: 2,238
Lease Expiration: N/A
Employees: FT:3 PT:5
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Lease/Month: 88000 Square Footage: 2238 Building Type: Shopping Plaza
Terms & Options: 5 year option Expiration Date: 9/1/2018
Competition: Several day spas in the area. This franchise provides more services than its competitors providing greater choices to its members. An appealing aspect for the franchisee is the simple service-based business model that drives revenues through a variety of ways.
Growth & Expansion: This franchise provides a variety of skincare services, such as facials, microdermabrasion and microcurrent facelifts. The consumer need for these services is big and growing, which means significant upside potential for the new owner. The franchise provides more services than its competitors providing greater choices to its members. An appealing aspect for the franchisee is the simple service-based business model that drives revenues through a variety of ways. The core of the model is the membership concept that allows clients to become members and enjoy the benefits of paying discounted prices in exchange for a reasonable monthly fee. This allows the Spa’s regular clients to take advantage of a lower price point than non-members and gets them in the habit of regular visits. For the franchise owners, this creates a recurring revenue stream that helps stabilize the business over time, and has proven to be a very successful business model.
Another potential growth area is the Med-Spa model, which as an industry has experienced spectacular growth in recent years. Total industry revenue is estimated to top $3.6 billion in 2016. Average revenue per location is $924,000 per year, with expected growth of 18%. The owners recently negotiated a lease modification that allows the addition of Med-Spa services to the business. The owners will even consider a partnership with a current Med-Spa provider to offer these services at the facility.
Financing: Seller will finance $50,000 at 6% for 36 months equaling $1,521.10 per month
Support & Training: Seller will train for four weeks at no additional cost
Reason for Selling: Other business ventures
Franchise: This business is an established franchise
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