Unique North Carolina Based Spa with Real Estate

Don't miss this opportunity to own a very profitable and unique spa based in North Carolina, as there is nothing like this on the East Coast. This well-established spa has excellent margins, an excellent team and facilities and is positioned for continued profitability and growth under new ownership.
Asking $6,000,000 for the business plus $3,000,000 for the real estate.
Financial Summary:

2023: Revenue: $4,356,351 | Net Income: $1,049,694 | Adj. EBITDA: $1,313,764

2022: Revenue: $4,196,265 | Net Income: $1,160,703 | Adj. EBITDA: $1,390,546

2021: Revenue: $3,001,662 | Net Income: $1,234,875 | Adj. EBITDA: $1,266,634

KEY HIGHLIGHTS:

Growth Opportunities: The business has identified several additional areas for service expansion that a new owner could pursue, as well as utilizing existing service capacity more efficiently. These initiatives, combined with continued operational excellence, a unique setting, and growing trends of the spa industry, has this business positioned for continued success and growth.

Processes: Ownership has continuously focused on providing a very high level of service and systems to handle increased demand, giving them flexibility to handle future growth. From marketing to operations, new ownership will be stepping into a turn-key business with strong operational control.

Skilled and Experienced Staff: The business has a dedicated and experienced team in place, ensuring smooth operations and consistent service quality. The knowledgeable staff contributes to the business's success and offers valuable expertise to the new owner.

Consistent and Growing Customer Base: The business attracts a wide range of customers, including many repeat consumers, groups for special occasions, women's retreats, couples of all ages as well as mother-daughter outings. The business generates both local and regional demand due to its services and unique environment. The business has built a strong reputation with these clients, ensuring a steady stream of revenue and most importantly, a tremendous amount of word-of-mouth referrals, the best indicator of customer's happiness with the company’s services in this fast-growing part of the Carolinas. The business has very strong and active social campaigns in place with tens of thousands of followers.

Well-Maintained Facilities: The owner continues to invest in facilities that are well-maintained, ensuring efficient operations and high-quality service. This commitment to maintaining top-notch facilities and levels of service has been a hallmark under this owner’s leadership.

Real Estate: Real Estate is owned by the owner in a 3rd party entity. The business pays market rent for the spa facilities as well as the office operations nearby. Current lease rates are factored into cash flow calculations for the business. The Real Estate will only be sold to the buyer of the business as part of the overall transaction. 3rd party real estate appraisals have recently been received to validate the real estate price being asked.

To maintain the seller's confidentiality, more detailed information about the financial figures and other non-financial aspects of the business will be provided upon the completion of a non-disclosure agreement (NDA), an initial interview with the broker, and disclosure of personal financial status and capacity of the buyer. This business (& real estate) has been prescreened by multiple SBA lenders. WE ARE NOT WORKING WITH BUYERS WHO DO NOT HAVE COMMITTED CAPITAL OR A LENDER PREQUALIFICATION LETTER. NO EXCEPTIONS.

While prior hospitality or service industry experience is welcomed, the seller is focused on finding the right buyer to take this business to the next level as retirement awaits the owner.

Contact us now to schedule a brief initial interview and learn more about this fantastic business and opportunity.

Gross Revenue: $4,356,351