This spa is one of Santa Fe’s most distinctive, non-medical wellness centers, representing a $250,000-plus investment in specialized buildouts, property improvements, equipment and amenities. The cornerstone of the spa is a multi-sensory environment that is associated with enhanced well-being, reduced stress, better sleep, and other wellness benefits. The spa’s multiple modalities provide sources of one-time and recurring revenue, supplemented with special events and retail product sales. This business is gaining a strong local following and attracting increased visitor awareness.
To learn more fill out our NDA / Confidential Buyer Profile available at: https://list.samgoldenberg.com/Spa
The business’s real estate is an additional $425,000, an asking price below a recent Broker’s Price Opinion. Owning the property gives a buyer direct control over this bespoke, fully equipped venue, which would be difficult and costly to replicate.
The business is supported by a modern, integrated technical platform, making it easy to monitor remotely. It presents an attractive opportunity for an engaged owner-operator, while additional staffing could reduce the need for onsite owner involvement. This opportunity is well-aligned for a massage therapist or other bodywork specialist, who could introduce additional services and a stream of revenue.
Business Highlights:
• The business and real property are being offered together for a price of $575,000
• The business requires no medical background or specialized training
• Seller financing is available to a financially-qualified buyer with a minimum of 25% down
• Over 150 Google reviews averaging 4.8 stars, and 8,400 social media followers
• Over 2,250 names in the customer database
• An average of 211 bookings per month
• Recent average service ticket of $101, retail ticket of $96, and package, gift-certificate, or subscription order of $168
• Modest historical advertising expenditures leave considerable room to build awareness and expand market reach
Financial Information
$150,000
Asking Price
$70,058
Cash Flow
$171,039
Gross Revenue
On request
Down Payment
Yes
Financing
Business Location
City:
Santa Fe
State:New Mexico
Financing Comments
Seller will finance 75% of this deal for a qualified buyer.
Reason for Sale
Logistical constraints limit the Seller’s ability to remain engaged in the business.
Detailed information
Year Established:2018
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:2
Contractors:2
Owner Worked Hours/w:16
Inventory Included: Yes
Inventory Value:
$6,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$425,000
Building Size: 1710
FF&E Included?: Yes
FF&E Value: $44,000
Training/Support
The Seller will provide up to three weeks of training and transition support, details to be negotiated.
Market Outlook/Competition
This spa has no direct equivalent in Santa Fe, introducing the potential of forming partnerships and referral relationships with bodywork practitioners, healthcare professionals, and hospitality businesses.
Real State Description
1,710 square-foot venue comprising two integrated commercial condo units that benefit from an easily accessible, convenient location in Santa Fe’s mid-town area.
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