Only High End 24/7 SPA In NY/Fifth Ave & 56St/15 Year Lease

New York, NY (New York County)

Seller Financing Available
Only High End 24/7 SPA In NY/Fifth Ave & 56St/15 Year Lease

Asking Price:$700,000

Cash Flow:$600,000

Gross Revenue:$3,000,000

EBITDA:$500,000

FF&E:$2,000,000

Inventory:$20,000*

Rate/Sq. Ft.:$83.33

Established:2016

*not included in asking price.

Only High End 24/7 SPA In NY/Fifth Ave & 56St/15 Year Lease

Get Financing Save Print Share Valuation Report

Business Description

50% Partnership for $700000. The whole spa is NOT available for sale

50% Partnership available in Day spa for $700000. Spa opens December 1, 2016. I currently own 5 other day spas in Manhattan, this will be our FLAGSHIP location.

ONLY 24 /7 SPA IN NEW YORK - ONLY 24 / 7 SPA IN NEW YORK

Spa Highlights:

1. Fifth Avenue is one of the most desirable areas in Manhattan. Same street as Apple Store, LV, Gucci, Chanel and other famous stores. $2 Million went into the construction of this 3 floor upscale day spa.
2. Street level retail location. This spa is three floors. 4500 Square Feet
3. Below market rent. Neighbors pay two or three times what we pay in rent.
4. Database of 90000 clients.
5. A 15 year lease was signed November 7 2016. Lease ends 2031.
6. Nine different services provided such as facials, eyelash extensions, airbrush tanning, etc.
7. New Spa.
8. 20 treatment rooms. 5 manicure. 5 pedicure chairs. 5 chair massage chairs. One staff Room. Reception area. Sitting area. Three bathrooms. Full basement. Steam room. Locker rooms. Showers. Party area.
9. Eventually a staff of 90 people will work at the spa.
10. Cutting edge website.
11. In house washer & dryer.
12. Experience / retail area.
15. Web based Spa Booker used as POS / booking.
16. Extensive sales and marketing plan.
17. Below market rent.
18. Excellent Yelp.com reviews.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
10/31/2031
Employees:
90
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All assets included.
Competition:
With our database, exceptional guest service and great internal culture & policies we have created a unique business that is loved by guests who come back over and over again.
Growth & Expansion:
The potential for growth is exponential and you will be partnering with someone who has a very successful track history in the day spa business.
Financing:
Only a 50% partnership is available for $700000
Support & Training:
Support partner in every way. I currently own 5 other day spas in Manhattan. This is our
Reason for Selling:
Adding additional locations
Business Website:
http://RedandWhiteSpa.com

Listing Statistics for Premium Members

Business Location



Ad#:1225401 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn how to use your 401k or IRA to fund a business - save 40% in fees. Business Funding Trust
Contact Seller Loading

Business Listed By:
Gary Oberoi

Show Phone Number
Find out more...

Get more details about this business.


Similar Listings


Sport Clips

Franchise Opportunity In NY
Capital Required: $158,300