High Traffic Northwest Omaha Med Spa
This esthetician-owned medical spa with 4 nurses on staff has expanded into two bays due to growing sales. The business caters primarily to women and provides esthetic and salon services such as colors and cuts, massage, styling, waxing, facials, resurfacing treatments and more. There are 17 employees including 6 stylists, 5 estheticians, 4 registered nurses, one full time and one part-time receptionist. Adding to the bottom line are three booth renters who each pay $400/month. Services make up a majority of the income with approximately 13% of revenue generated by the sale of products.
This med spa is located in a high-traffic shopping center in Northwest Omaha. The seller, who currently maintains a few esthetic clients and oversees financials and the employee schedule, is willing to train an incoming owner for a period of 3-4 months and provide 15% financing. With over $168,638 of assets included in the purchase price, this is an excellent investment for a stylist, esthetician or simply someone who would like to own a business in the highly-profitable beauty industry.
Years in Business: 32 years
Location: Northwest Omaha
Lease: $3,200/month for two bays
Services Offered: Color and chemical services, haircuts, massage, laser hair removal, injectables (including Botox and Juvederm) styling, waxing, spa facials, resurfacing treatments, airbrush tanning, lash extensions, eyelash and brow tint, anti-aging eye and lip treatments, special occasion makeup
Reason for Selling: Growing Family
Employees: 17 (6 stylists, 5 estheticians, 4 registered nurses, 1 FT and 1 PT Receptionist) & 3 booth renters who pay $400/mo each
Hours: Mondays by appointment, Tuesdays 11-7, Wednesdays & Thursdays 9-8, Friday 9-7, Saturday 8:30-4
Seller Training Period: 3-4 Months
Growth Opportunities: Add opportunities for services including vein therapy, IPL photo facials and laser genesis facials
Current Owner’s Responsibilities: Owner maintains a few esthetic clients. She also oversees the financials and does the schedule
Assets Included in Purchase: $168,638
Assets & Equipment: $148,838 in esthetic bed, electric facial bed, pregnancy massage table, hydraulic facial bed, microdermabrasion machine, manicure and pedicure tables and ($119,000 is for Cutera XEO Laser & two year Warranty)
Inventory: $19,800 in skincare backbar, product retail, color inventory and lash inventory
List Price: $160,000
Gift Certs: $5,266
Booth Rental: $8,215
Owner Profit/Cash Flow
Profit Margin: 14%
Cash Flow x Multiple = Fair Market Value
$75,954 x 2.4 = $182,290
Purchase Price: $160,000
10% Buyer Down Payment: $16,000
15% Seller Financing: $24,000
75% Bank Loan: $120,000
In the above Funding Example with a 10% buyer down payment of $16,000, a new owner of this business would have a Net Operating Income (NOI) of $50,062 after all expenses and loan payments. This is a Return on Investment of 312% over the initial down payment!
7-County Radius Handyman Business
This reputable Lincoln Area handyman business with A+ Better Business Bureau accreditation has an established customer base and sets the standard for quality work at a fair price. Website name with great SEO brings in a steady stream of new clients.
This handy man service offers its clients a wide range of services including but not limited to: interior and exterior painting, custom deck construction, basement remodeling, new fence installation, and gutter repair and installation. In addition, to an extensive customer list, the business has vetted relationships with additional contractors to assist in larger jobs and increased sales revenues. There is additional revenue generated from roughly 30 snow removal clients located in a close geographical area.
Cash flow in 2015 of $45,398 representing a 39% profit margin and the Net Operating Income after expenses and loan payments from above funding example equates to $68,063.
Location and Service Area: 7 County Range in the Lincoln Nebraska Area
Services Offered: Basement Refinishing, Painting, New Fencing and Repair, Decks, Snow Removal, Window Treatments, Caulking Removal/Install, Furniture Assembly, Debris Removal, General Household Repairs, Swing Set Assembly, Gutter Cleaning, Leaf Raking, Christmas Lighting, Roof Leak/Sealer
Reason for Selling: Transitioning
Hours: 8 AM – 5 PM Monday - Friday
Seller Training Period: 90 Days
Growth Opportunities: Staff 1099 Contractors
Current Owner’s Responsibilities: Owner/Operator
List Price: $98,000
Owner Profit/Cash Flow
Profit Margin: 39%
Multiple: 3 *Multiples range from 1-5, with the average being 3
Valuation:  Cash Flow x Multiple = Price
$45,398 x 2.2 = $99,875
Assets Included in Purchase: $12,000
Equipment: $12,000 (6 snow blowers, post puller, post hole diggers, miter saw, table saw and more)
Intangible Assets: 16-year History and Customer List
*amounts may vary
Purchase Price: $98,000
20% Buyer Down Payment: $19,600
20% Seller Financing: $19,600
60% Bank Loan: $58,800
Net Operating Income after expenses and loan payments from above funding example equates to $68,063.