Business Summary
Like the air we breathe, healthy, radiant skin is one of life s essentials. The domestic skin care industry is a multi-billion dollar business, estimated to be worth 43 billion per year. It has steadily grown in the past years, and is expected to grow 6.8% more this year. Spas alone account for $10 billion dollars in annual revenue.
We have a fantastic opportunity for a entrepreneurial minded person to enter the ever growing skin care industry by acquiring a beautiful facial spa specializing in facial and skin treatments, with a professionally-trained staff. As an essential skincare spa, this spa offers high-end facials with the highest quality products at affordable prices. The
extensive menu of spa services features something for everyone, including facials, peels, micro-dermabrasion and waxing designed for women, men and teens.
The spa opened in November 2008, and has newly remodeled the spa in April 2012. There has been steady sales and profit growth over the past year with 350 current memberships.
The business is located in a great shopping center in a fast growing, demographically desirable suburb of Dallas in Collin County. The spa occupies 1700 square feet and has one year remaining on their lease with a 5 year renewal option.
This spa is in immaculate condition and just had a remodel in April 2012. A $25,000 equipment purchase for the ability to offer HydraFacials was made in the past year. All of the furniture & fixtures contribute to a relaxed & upscale environment. The desirable location of the spa has one year remaining on their lease with a 5 year renewable option.
Property Details
Other Business Details
Competition:
The facial skin care industry continues to grow and so does the geographic area surrounding this spa. The strategy of this spa is to be a specialist for skin care as opposed to a general full service spa. The ability to be a specialist allows this business to offer their guests to receive a world class experience at a great value. Furthermore, this spa has no nearby competition and competes well against those spas that require a 5 mile drive.
Expansion Potential:
This spa has the ability to expand by increasing the marketing effort, offering new services and expanding product sales.
Business Operation Details
Support & Training:
The Seller is willing to train the Buyer and be available for phone support.
Miscellaneous Details
Reason For Selling:
The owner is relocating out of state due to the spouse's career.
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