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High-End West Hollywood / Beverly Center Area Day Spa & More!

West Hollywood, CA (Los Angeles County)

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Asking Price: $55,000

Cash Flow: $82,379

Gross Revenue: $503,558

EBITDA: $82,379

FF&E: $20,000

Inventory: $5,000*

Rent: $8,750 /Month

Established: 2006

*not included in asking price.

High-End West Hollywood / Beverly Center Area Day Spa & More!

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Business Description

This well established West Hollywood / Beverly Center area day spa is located in a high visibility Beverly Boulevard location with excellent street frontage and convenient access to West Hollywood and Beverly Hills. The well-appointed spa transports its clients to another world via its authentic decor, soothing ambiance, seasoned staff, and comprehensive selection of complementary spa treatments. The day spa’s patrons may spoil themselves with a broad range of massage, organic facials and skin care, hot soak and body scrub treatments. The business has more than 5,000 returning guest’s emails that are utilized for in-house based promotions administered via Constant Contact.

Detailed Information

Location:
West Hollywood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
18pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 2,000 square foot facility leases for $8,750 per month on a 5 year lease that will expire on 3/31/20 with options to be determined. All of the spa’s furniture, fixtures, equipment and goodwill are included in the sale. The day spa includes 3 massage tables and 6 Traditional Thai massage beds, a dedicated skin care room outfitted with facial and waxing equipment, a hot soak and body scrub room, courtyard with fountain and infrared sauna, relaxation area and a break room with a refrigerator, washer and dryer. Approximately $5,000 in inventory will be included in the sale.
Competition:
This day spa’s ideal location means that it may be considered in direct competition with other top end West Hollywood and Beverly Hills day spas. As such, competition is considered high. With that said the spa enjoys a loyal client base which can continue to be developed. The spa's excellence in service and treatments offered as well as the unique ambiance truly differentiates it from typical high-priced spas.
Growth & Expansion:
While the spa has a loyal client base to build upon, new owners may launch an aggressive public relations and advertising campaign in order to further refine the quality of clientele to increase profitability, as the venue had engaged in group buy site promotions in prior years that produced higher revenues but lower profit margins.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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