Asking Price:

$350,000

Gross Income:

$706,609

Cash Flow:

$247,654

EBITDA:

$247,654

FF&E:

$125,000.00 *

Inventory:

$8,000.00 **

Real Estate:

N/A

Year Established:

2009

Employees:

4ft/ 5 pt

Business Types:

Health, Medical & Dental
Miscellaneous Services

** not included in the asking price

* included in the asking price

Business Description

Very profitable Medical Spa and Weight Loss Clinic with two outstanding locations - one in the Wallingford area and one in the Alderwood Mall area. The Wallingford location was opened in 2009 and has about 1200 sq ft with 2 treatment rooms, reception area, and retail section. There is lots of walk by traffic and free parking in the back of the business. The Lynnwood location, in the Alderwood Mall area next to Nordstrom s, is about 2350 sq ft and has 4 treatment rooms, a consulting office, reception area, and retail section. This location is in a more upscale area and produces about 60% of the total revenues and profits. The business provides two lines of services - clinical skin care and weight loss programs. There are no surgical procedures - skin care procedures of chemical applications, fillers and injectables, facials, permanent makeup, and laser skin care. The weight loss program is based upon HCG slim track diet. The business caters to both men and women. This business has a niche market in the permanent makeup field and is considered the leader in this field by customers and doctors all over the Puget Sound. The business offers both interest free financing by Credit Care and in house financing to make their treatments more affordable for everyone. The business has a complete menu of services, proven expertise, a qualified staff of licensed medical professionals and professional technicians, safe non-evasive treatments with proven protocols, a proven client record with customer satisfaction ratings of over 98%, and affordable treatments. The business has grown a steady 20% each year since opening. The new owner must either have someone or be licensed with one of the following credentials - ANRP, MD, or DO. The Seller also leases two laser machines for $2,000 per month these are to be assumed by the Buyer. The Seller will also sell them separately Wallingford will be priced at $105,000 and Lynnwood at $245,000. The Seller will finance with 50%

Detailed Information

Facilities:

Wallingford location was opened in 2009 and has about 1200 sq ft with 2 treatment rooms, reception area, and retail section. There is lots of walk by traffic and free parking in the back of the business. The Lynnwood location, in the Alderwood Mall area next to Nordstrom s, is about 2350 sq ft and has 4 treatment rooms, a consulting office, reception area, and retail section. The Lease in Wallingford is $1800 per month flat rent and runs till 10/31/2014. The Lease in Lynnwood is $3800 + NNN charges of $800 per month and runs till 6/30/2015. Both Leas

Competition:

This business has created a niche market in the Puget Sound region, in the permanent makeup field and is considered the leader and innovator in this area. Many doctors and professionals refer their clients to the business. In addition the business provides first class services and products, with skilled and highly trained professionals, at affordable prices with easy payment plans. The business has captured two of the fastest growing niche markets in the economy skin rejuvenation and weight loss.

Growth/Expansion:

The new owner can continue on the same course as the existing owner revenues are increasing by 20% each year. The current owner s have an active sale and marketing plan and the new owner should continue this approach. The new owner should also continue the active presence on the social media sites and perhaps become more involved in the communities the businesses are located in.The new owner may want to add plastic surgery or surgical alternatives to the menu of services.

Financing:

Cash. Bank Financing or seller's Terms with 50% down, 3 year term, at 6%

Support/Training:

The Seller shall provide 2 weeks of onsite training on the day to day operation of the business, the strategy behind the positioning and use of the website for marketing, and the operation of the equipment and techniques used to provide the services. The Seller shall make this a totally turnkey and smooth transition.

Reason Selling:

The Seller is moving on to other business pursuits.