Business Description

Income $157,440, business continues to grow. Revenue $782,291. FF&E valued at approximately $100,000 and current Leasehold improvements of $60,000. $20,000 in inventory included in sale price. You can buy this High Quality Spa for $1,200,000. Elegant 3,600 sq. ft. building/Real Estate available for purchase $850,000 or $36k annual triple net lease. Established is 2007, this beautiful upscale Spa experienced explosive growth from the time it opened. The Spa continues to attract a high volume of customers due to a successful advertising campaign throughout the Tampa Bay area. The spa has a client data base of approximately 100,000 customers and growing, with 2,200 clients plus on average booking appointments every month. Clientele includes locals, out of county residents and tourists from all over the world who return on a regular basis. The business was Named Best of Beaches by Readers Choice in 2007, 2008, 2009, and 2010 for massages. Elegant interior and an excellent high profile location, this massage spa is fully licensed, staffed, and equipped to handle the needs of all clientele. 26 massage therapists (all 1099 contractors, with own licenses), 4 estheticians, 3 nail techs, and 4 front desk receptionists combine to provide superior customer service in all aspects of a spa experience. The business has 8 massage rooms, 1 esthetic room, and 1 nail room with 2 pedicure chairs and was recently renovated with an outside deck for cabana massages. The Spa offers first class amenities at affordable competitive pricing that accommodates all budgets. A broad range of services are offered including different types of massages, a wide selection of facials, manicures, and pedicures plus more. Also available is a Romantic Island Excursion with elegant catering that includes Champagne, Wine, and Beer with boat and equipment. The business offers services at residences and hotels.

Detailed Information

Facilities:

The Spa operates from a 3,600 sq. ft. building owned by the seller and available for purchase at $850,000, or lease.

Competition:

The business has successfully advertised in various publications, TV, special events donations (silent auctions), logo on vehicles, door hangers, and website. A. The Spa could potentially expand in other Florida Markets attracting clients from Orlando/Lakeland increasing traffic resulting in increased sales revenue and earnings base.

Growth/Expansion:

Strengths: 1. First class amenities at affordable and competitive prices that accommodates all budgets. 2. Elegant d cor and building create a relaxing and enjoyable experience for clientele. 3. Therapists are the top in their field. Weaknesses: 1. The business is in the process of upgrading its technology resources through a new computer system that will be installed within the next few months. 2. Efficiency and productivity on the front desk needs to be increased, through combining the new integrated technology with training of staff.

Reason Selling:

Other Business Interest