**Established 21-year Medical Spa business**

Wyoming, MI (Kent County) (Relocatable)

**Established 21-year Medical Spa business**
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Asking Price: $150,000

Cash Flow: $54,222

Gross Revenue: $136,655

EBITDA: $48,798

FF&E: $45,000

Inventory: $5,000*

Rent: $933.59 /Month

Established: 1998

*not included in asking price.

**Established 21-year Medical Spa business**

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Business Description

This is a great opportunity to own an established medical spa business with the latest technology hair removal services, including Electrolysis. Competition for electrolysis services in the surrounding 50 miles is limited. The business also offers other skin care services such as laser, micro needling, permanent makeup and self-branded skin care products and regiments.

Successfully operating for 21 years in West Michigan; with a client list in the thousands and low expenses, this business is ready for the next owner. Currently the business operates Monday - Thursday and by appointment only. By increasing business hours or taking walk-ins, this business has a great potential for growth.

The global Laser Hair Removal market is expected to have a compounded annual growth rate of 17% during 2019-2025 (according to MarketWatch). Don’t let this market growth pass you by. Owner is willing to train for up to 6 months.

Detailed Information

Location:
Wyoming, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease in a multi-business office building. Parking is plentiful.
Competition:
There are no other spa locations within a 50 mile radius that offers all of the services this business offers. Yes, there are spa businesses but they only offer 1 or 2 services this business offers. One other offers electrolysis. Customer feedback states that they like that this is a one-stop service facility for their skin care needs.
Growth & Expansion:
Currently the business operates on an appointment-only basis. New owner could increase revenue by adding operating hours and offering walk-in services. No other marketing is being done as business has a long list of loyal clientele. New owner could expand the business to offer other services and promote the business more thoroughly.
Support & Training:
Current owner willing to train for up to 6 months. No prior experience necessary. Simply have the passion and desire to be in the medical spa industry.
Reason for Selling:
Retirement
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Maria Carrillo-Diekema

Business Listed By:
Maria Carrillo-Diekema

Acela Business Brokerage

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