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| You have accessed this listing information from the VR National database through: | The participating listing VR Business Broker Office is: |
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VR Business Brokers - Lakeland, FL 1828 S. Florida Avenue Lakeland, FL 33803 (863) 682-4600 www.vrbusiness-sales.com vr4144@vrbusinessbrokers.com |
VR Business Brokers - Clearwater, FL 565 South Hercules Avenue Clearwater, FL 33764-5747 (727) 499-6500 www.vrclearwater.com info@vrclearwater.com |
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Business Listing Details |
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LISTING#: |
H1650: Hair & Beauty Services Spa |
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LOCATION: St. Pete |
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ASKING PRICE $1,200,000 |
AMOUNT DOWN $1,200,000 |
REVENUES: $517,675 |
ADJUSTED CASH FLOW |
TOTAL ASSETS $180,000 |
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| Beautiful upscale Spa established is 2007 experienced explosive growth in 2008 and increased sales revenue by approximately 37% in 2009. The business was Named Best of Beaches by Readers Choice in 2007, 2008, 2009, and 2010 for massages. Elegant interior and an excellent high profile location, this massage spa is fully licensed, staffed, and equipped to handle the needs of all clientele. 26 massage therapists (all 1099 contractors, with own licenses), 4 estheticians, 3 nail techs, and 4 front desk receptionists combine to provide superb customer service in all aspects of a spa experience. The Spa operates from a 3,600 sq. ft. building owned by the seller and available for purchase at $850,000, or $36k annual triple net lease. The business has 8 massage rooms, 1 esthetic room, and 1 nail room with 2 pedicure chairs. Recently renovated with an outside deck for cabana massages. Other improvements made for ambiance and business functionality include fencing, landscaping, plumbing, electrical, carpet, paint, security system and outside lighted sign. The Spa offers first class amenities at affordable competitive pricing that accommodates all budgets. A broad range of services including different types of massages; Hot and Cold Stone massages, Shiatsu, Lomi Lomi, Relaxation massages, Swedish, Deep Tissue, Sports, Reflexology, and more. A wide selection of facials, manicures, and pedicures are also provided. Also available is a Romantic Island Excursion with elegant catering that includes Champagne, Wine, and Beer with boat and equipment. Successful advertising campaign throughout the Tampa Bay area has contributed to a client data base of approximately 100,000 customers and growing, with 2,200 clients plus on average each month booking appointments. Clientele includes locals, out of county residents and tourists from all over the world who return on a regular basis. Various hotels refer clients to the Spa. The clients are picked up and returned by seller owned van. The business offers services at residences and hotel. This is a dynamic business with considerable growth potential for a qualified buyer that wants to expand this business to the next level. | |||||
| Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies. |