Rare Opportunity NJ Hand & Stone for Sale

Bridgewater, NJ (Somerset County)

Seller Financing Available
Rare Opportunity NJ Hand & Stone for Sale
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Asking Price: $450,000

Cash Flow: N/A

Gross Revenue: $625,000

EBITDA: $120,000

FF&E: N/A

Inventory: N/A

Rent: $19 /Month

Established: 2013

Rare Opportunity NJ Hand & Stone for Sale

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Business Description

Opportunity Overview

Be part of an energized growing market; Hand and Stone Massage and Facial Spa starts with a simple premise: bring top quality spa services – therapeutic massage- facials – and hair removal to the middle market at a price that is 40% less than traditional day spas and with hours and locations that are more convenient. Massage, facials and hair removal, is a booming industry that provides consumers with healthy bodies and healthy skin.

The NJ market has limited territories left, take advantage of a RARE RESALE opportunity in central NJ! Hand & Stone is the perfect financial opportunity in the growing health and wellness industry. The Hand & Stone business model helps entrepreneurs from all walks of life discover a rewarding new lifestyle.

ADDED PURCHASE PRICE DISCOUNT for closing before holiday season for new buyer to take advantage of high holiday sales volume! Add back $50,000 EBITDA for Owner Operator (for a total $120,000 annual estimated EBITDA). The spa is located within 15 minutes of Bridgewater, message for details.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,736
Lease Expiration:
6/29/2024
Employees:
20
Facilities:
This well maintained spa has 11 beautifully appointed totally private rooms for specific services. 7 rooms are for massage only, 1 is for couples massage & 3 set up for facials. All massage rooms are equipped for hot stone. There is a relaxing waiting area with a water feature, reception desk, managers private office, operators lounge and 2 clean bathrooms. All rooms have the latest in automated massage tables, stone heaters, hot towel caddies and sink. Estheticians have all the latest equipment. Up to date point of sale system with remote access.
Competition:
The massage & facial market are growing by leaps and bounds. Every day sees new customers, especially with introductory prices. Naturally there is competition, but with exceptional customer service and custom tailored menu, the Hand & Stone business model excels. Unique Competitive Advantages: o Upscale Spa atmosphere- non clinical o Wide range of massage, facial and hair removal services. No other competitor offers all three services o Couples Massage Room o Higher ticket prices generated from add-on services o Month to Month Membership Options
Growth & Expansion:
The health and wellness industry is growing. By offering reasonable prices for services generally costing 2-4 times as much, more and more people are taking advantage of the Hand & Stone model. This is a membership based model. With every walk in, there is a prospect for an additional member. Holiday gift cards and spa parties are membership opportunities. The potential for growth is endless.
Financing:
May consider for the right qualified individual
Support & Training:
Best in class Corporate support includes: * 1 week classroom instruction including all administrative, operational and sales/marketing essentials * Corporate field support * Annual franchisee conferences * In-house advertising agency with market specific advertising materials and commercials * Regional and National meetings * Continued Training Programs
Reason for Selling:
Seller has a new job with extensive travel and a new baby
Franchise:
This business is an established franchise
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Business Listed By:
Harin Patel

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