A fresh brand-new Medical Spa has actually come onto the market. It’s been operating profitably for 1 1/2 years. A grueling 3-hour daily commute has actually become a nightmare for the successful operator, who is reluctantly ready to sell. The operator, a certified Physician Assistant, spent months prior to opening building an inviting peaceful environment; one that’s perfectly compatible for a cosmetic spa experience.
Unlike lots of of its sterile looking competitors it wisely has actually great appeal to the Gen X generation, the key target market for cosmetic Spa’s. Over $70,000 of leasehold improvements, laser equipment, micro abrasion machines and much more are fully paid for and included in the sale. The space includes 3-exam rooms, a private bath & small kitchen, all upscale and tastefully done. Operating expenses are low; the rent is only $1700 / month.
The operator underestimated the physical and mental toll of the commute and frequent traffic problems. The commute forced the operator to adapt an appointment only policy…refusing walk-ins in an area along with reasonably good foot traffic. This policy of limited hours has actually clearly negatively limited revenues and profits. Given the low overhead, any added sales from a more flexible work day will have actually a very positive impact on profit margins…given that most of the added revenue would certainly go right to the bottom- line.
In spite of the limited work schedule, the business currently generates a bit over $100,000 a year in net profits. The current owner is willing to commit a total of thirty-five (35) hours of transition training over a four (4) week period, as needed, on a part time basis.
This is an opportunity to take over an existing, turn-key Spa along with leasehold improvements and equipment valued at over half the purchase price. Importantly, it also includes an existing profitable customer base; and it’s all located in a great, upscale high population Valley location.