Day Spa in Soho

Manhattan, NY (New York County)

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Asking Price: $229,000

Cash Flow: $150,000

Gross Revenue: $650,000

EBITDA: $200,000

FF&E: $400,000

Inventory: $9,000*

Rent: $7,000 /Month

Established: 2015

*not included in asking price.

Day Spa in Soho

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Business Description

Spa in Soho

Red and White Spa is a highly profitable day spa located in prime location, Prince st. at Soho. There are numerous famous stores like Apple, LV, Gucci, Chanel, Armani etc in this prime area of Manhattan. This spa was established in January, 1982. The Spa was fully renovated in November, 2015. There is a nine year lease that was signed in September, 2015 that we are paying very low rent compared to others in the market. There is an estimate in the data base of 68,000 clients, with new ones coming in constantly. There are six treatment rooms in the spa that offer services like massage, waxing, facials, eyes lashes extensions, etc. Other facilities of the ground level spa include two beautiful bathrooms, in house washer and dryer, cutting edge website, online booking database (Pos/booking), music pipe, two apple computers, 1100 square feet full basement, etc. Buyer has an incredible opportunity to have a well running day spa that has excellence in wellness. This spa could cost much more to build and equip today than its asking price , therefore, this is an excellent opportunity to own and operate a well established day spa. Furthermore, our receptionist is extremely loyal and focuses on increasing revenue through usage of social media and email marketing software. We have loyal clients due to our exclusive services and amazing yelp reviews. We have passionate and generous employees who seek to provide the best service to their clients with their outrageous expertise in various spa services. The asking price is $229,000. The gross revenue is $650,000. The cash flow $150,000. The EBITDA is $200,000, with FF&E $400,000, and Inventory $9,000. There 12 employees, 6 full-time and 6 part time. the lease rate is $54/sq/year.

Detailed Information

Location:
Manhattan, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All assets included (Home Based)
Competition:
There are other day spas that have the same services we provide, however, we grow by utilizing social media marketing and continuous promotions for our existing clients and new clients. We have numerous clients who use Groupon and other promotional websites that bring us revenue. The Spa is in a prime location, near all subway stations.
Growth & Expansion:
The business was fully renovated in year 2015 and it is ready to be taken to the next level with latest technology like laser tech machines, other facial technology machines, etc.
Financing:
40,000
Support & Training:
The current owner will support three weeks training and/or support for the new buyer.
Reason for Selling:
Current owner has another business to take care of
Business Website:
http://www.redandwhitespa.com/prince/
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