Gorgeous Established Spa and Wellness Center - Price Reduced!

Portland, OR (Multnomah County)

Seller Financing Available
Outside front

Asking Price:$299,900

Cash Flow:$60,000

Gross Revenue:$525,000

EBITDA:N/A

FF&E:$65,000

Inventory:$50,000

Rate/Sq. Ft.:N/A

Established:2006

Gorgeous Established Spa and Wellness Center - Price Reduced!

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Business Description

Spa, boutique, studio and wellness in Clinton/Division neighborhood

Zenana Spa and Wellness Center is a day spa and wellness center with a focus on serving pregnant and parenting families. This well-established business offers multiple revenue-generating products and services at its superb location in the heart of the Clinton/Division neighborhood close-in SE Portland.

This fabulous successful and established day spa and wellness center has multiple treatment rooms, therapy/yoga/classroom studio space, product boutique, and large office space. Tranquil, charming, friendly energy!

Established for over a decade in the heart of a vital, growing Portland, OR neighborhood, surrounded by many successful local businesses and restaurants, Zenana Spa and Wellness Center enjoys a loyal clientele base of over 3,000 (including some monthly service membership subscribers).

With excellent online reviews and reputation within the community (4+ stars on Yelp, Google, etc.), this multi-faceted business consists of:

- Wellness center with spaces for both chiropractic and naturopathic practitioners;
- Day spa featuring massage, nails, and esthetic services (facials, waxing, body treatments, LED, etc.);
- Yoga/fitness studio classroom;
- Inviting product sales boutique on-site with exclusive and niche lines;
- Custom web presence with fully-integrated online store for unlimited upside in product sales.

The high-quality ($250,000+) interior build-out includes multiple well-equipped and plumbed treatment rooms (including esthetics room); large multi-purpose spaces; a fully equipped yoga/studio room; employee break room and storage area; plus a large office space all totaling approximately 3,500 square feet of wonderfully light, gorgeous decor.

In addition to the high-end build-out, the sale price includes:
- Approximately $75,000 value of furniture, fixtures & equipment;
- Approximately $50,000 ($25,000 wholesale) value of boutique inventory on hand;
- Email newsletter service with over 6,500 subscribers;
- Facebook business page with over 2,300 followers;
- Cloud-based practice management software to run the business and keep track of clients, bookings, etc.;
- Many established marketing/advertising relationships and channels to continue developing new business.

Capacity for additional services and/or practitioners provides an excellent opportunity to build additional new business. This turn-key operation of approximately 25 happy employees has substantial upside potential for the new owner dedicated to its continued success.

Management training and support will be provided to purchaser. Buyer should have some prior business/management experience.

Seller prefers all cash sale, but terms may be negotiable with substantial down payment.

Financial and other details will be provided with signed non-disclosure agreement.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
3,050
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3,050sf of high-quality build out in newer-construction building; All furniture, fixtures and equipment to continue and grow the business; High-quality organic and wellness-oriented boutique inventory included!
Competition:
Competition: Highly desirable location in hot developing area with many nearby shops, businesses (restaurants, grocery, etc.) with easy access from all parts of the city. High-end (but not top-upper-end) atmosphere, niche services and pricing provide barriers to low end competitors and meet the local demographic demand.
Growth & Expansion:
Growth & Expansion: Endless possibilities for shifting mix of services, practitioners and offerings within this multi-faceted business with flexible well designed spaces. Underutilized capacity allows for 20-30% or more growth in business without need for additional or larger physical space.
Financing:
Cash preferred, seller finance considered with strong financials and cash down
Support & Training:
Management training and support will be provided to purchaser as needed - seller is dedicated to ongoing success and longevity of the business.
Reason for Selling:
Current ownership life circumstances changing
Business Website:
http://www.zenana-spa.com

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Business Listed By:
Christopher Schwindt

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