Brow Threading and Facials

Detail information about the listing

FF&E:  3,000

Inventory:  10,000

Growth: This business is located in one of the fastest growing, high income areas of the State.  It is home to multiple national corporations headquarters.  2020 Growth Rate0.73 percent (1,100); Growth Since 2010 23.78 percent (29,101). Adding more hours of operation and hiring staff would significantly boost revenues.

Further Details: Location:    King County, WA

Inventory:    Included in asking price

Employees:    1 FT

Furniture, Fixtures, & Equipment (FF&E):    Included in asking price

Facilities:    There is 500 square feet of zen like space situated in one of the most exclusive spa salons in the area.  The rent is  2,000 month on a month to month basis with opportunity to obtain more individual service rooms.

Competition:    The Health and Wellness Spas industry has struggled over the five years to 2021, mainly as a result of the negative effects of the coronavirus pandemic, which mitigated gains from most of the period. As a result, industry revenue is anticipated to decline an annualized 1.0 percent to  17.5 billion over the past five years. This includes a rise of 41.9 percent in 2021 alone. Industry operators offer a wide variety of services, including massage and other bodywork treatments, skincare treatments, salon services and fitness and personal training services. In addition to day spas, which make up the vast majority of annual revenue, hotel spas, medical spas and spa resorts are also included in this industry.

Rising disposable income and consumer spending have supported demand for industry services during the period, evidenced by an increase in spa visits throughout most of the period. .

Consumer spending drives growth and the rising disposable incomes have propelled strong growth in consumer spending over the majority of the past five years.

 Alongside this, growth in the Consumer Price Index (CPI) has also supported revenue growth, contributing to an increase in the average revenue per visit. IBISWorld estimates that the CPI has increased at an annualized rate of 2.0 percent during the five-year period. An increase in the price of services has contributed to an increase in revenue per visit, supporting revenue growth during the period. Nonetheless, increasing spending per visit is likely also due to growth in per capita disposable income, which has encouraged spa customers to upgrade to higher-priced services or request more treatments and services.

There are only a few Brow Threading businesses offering services in the area and fewer who offer threading for men.

Growth & Expansion:    This business is located in one of the fastest growing, high income areas of the State.  It is home to multiple national corporations headquarters.  2020 Growth Rate0.73 percent (1,100); Growth Since 2010 23.78 percent (29,101). Adding more hours of operation and hiring staff would significantly boost revenues.

Support & Training:    Will train for 2 weeks @  0 cost.

Reason for Selling:    The owner is starting a new career in another industry.