Elegant Day Spa

Hunterdon County, NJ

Seller Financing Available
Elegant Day Spa
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Asking Price: N/A

Cash Flow: $169,500

Gross Revenue: $586,903

EBITDA: N/A

FF&E: $120,000

Inventory: N/A

Real Estate: N/A

Established: 2001

Elegant Day Spa

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Business Description

Exclusive Spa offering various personalized services to its long-standing clients with a 2018 gross income of $586,903 and a net yearly income of $169,500. This highly successful business is available due to owner’s retirement. The spa has a wonderful professional reputation with additional growth available by instituting new services which can include hair salon service, and medical cosmetic treatments. The business has approximately 500 steady clients, they perform approximately 1,200 facials and 1,746 massages yearly. The spa is in a most affluent area of Hunterdon County, New Jersey and conveniently located near various state highways for customer’s convenience. The company is very proud of its highly experienced, certified professional staff / therapist, nail technicians and estheticians who maintain the daily operation. The spas staff has been with the company for many years and have helped achieve their reputation for delivering professional high-quality service to their loyal base of clients. They offer a wonderful experience in a relaxing old-world setting where they strive to make every client feel special and appreciated. This company has sixteen full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $33,330. The business has been valued based on a multiple of the net yearly income, and the specific business assets. The transaction can include some owner financing to a qualified buyer with an appropriate down payment, collateral and credit rating. The seller will consider the sale of the real estate through his realtor. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Attached Documents


Detailed Information

Location:
Hunterdon County, NJ
Real Estate:
Owned
Building SF:
2,900
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in Northern / Western New Jersey on an active county road close to various highways. This spa services various affluent communities throughout Somerset, Morris and Hunterdon County. This retail facility, which consist of multiple floors and 2,900 square feet has a quaint and attractive appearance. The business is in a beautiful older Victorian building on a commercial avenue. There are 6 treatment rooms, commercial retail space, 2 waiting rooms, and an employee breakroom.
Competition:
Although competitors presently exist in the industry, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. All current employees have signed a 10 mile non-compete
Growth & Expansion:
The salon can offer additional services such as hair and color, tanning, medical beauty treatments such as Botox and Juvaderm services.
Financing:
May be available to a qualified buyer.
Support & Training:
The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The owner is retiring after many successful years in this industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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