Very Busy Automated Spa & Tanning- Price Just Reduced

Raleigh, NC (Wake County)

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Asking Price: Get Financing: $329,000

Cash Flow: $163,906

Gross Revenue: $334,562

EBITDA: $163,908

FF&E: $132,100

Inventory: $2,000

Lease Rate: $5,600 /Month

Established: 2004

Very Busy Automated Spa & Tanning- Price Just Reduced

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Business Description

Top Performing Tanning Spa

Very busy Spa & Tanning Spa for Sale. Excellent ratios! Original owners are retiring. Built in 2003 & has been in the top 10 nationally for sales since opening. Excellent cash flow, over 50% of the revenue is monthly recurring memberships. Spa is in the Brier Creek Commons Mall, a very upscale golf course community. It's anchored by a Target, BJ's & Movie Theater. Our franchise agreement has expired (now is month to month) so new owner can join the franchise or can operate independently.
We are also selling a second store:
Listing Ad Number 1516454

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/31/2019
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful Spa & Tanning equipment, all in excellent working order. Sale includes the following: High Pressure Mystic HD Platinum Stand Up Comp, Printers, Security Washer & Dryer Platinum Legend VIP (2) Red Light Therapy Massage Chair Lumiere Facial Slim Capsule Hydration Station Teeth Whitening Sauna Hotworx Yoga Hydro Massage All Retail Inventory
Competition:
Upscale golf course community. Extremely busy Mall. Great foot traffic as several restaurants & hotels around.
Growth & Expansion:
Could consider expanding the spa services.
Support & Training:
Owners will train during the transition
Reason for Selling:
Retiring
Franchise:
This business is an established franchise
Business Website:
http://www.planetbeach-briercreek.com/
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Business Listed By:
Brent Marek

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