Exclusive Spa w/huge customer base in #1 location period!

Detail information about the listing

FF&E:  150,000

Inventory: N A

Growth: Top Growth Opportunities: 1. Expand opening hours…currently closed Sun and Mon, closed evenings after 6, short hours on Sat2. Expand premium staff members3. Raise prices (well below market prices in an area w little price sensitivity) 4. Add massage and hydro facials5. Expand product availability and merchandising; extend store branded product set6. Continue 401k & health insurance for employees…recruit & retain best staff is the principal here

Further Details: Location:    Franklin, TN

Real Estate:    Leased

Building SF:    1,370

Lease Expiration:    9 30 2024

Employees:    4

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

Facilities:    Location, Location, Location…no better location in the state. Owners renovated in 2019. Décor is premium high-end…matching customer expectations in this highest wealth area of the state, and possibly the South. Great buildout can’t be matched anywhere. Great lease & low rent includes everything! Can be extended into 2029. No year-end landlord surprise tenant bills for taxes, CAM, insurance, etc…Facilities are immaculate floors to ceilings.

3-5 private service rooms (one is huge). Owner office and employee breakrooms are a bonus.

Competition:    Cool Springs is the DESINATION for tens of thousands seeking the best beauty care personal care services. Here is within the coveted 1 4 Mile Beauty Row. That said, you’re going to have company (competition), but the business model here is VERY different. Having an established ‘niche’ as with here, competition is minimal. Customer loyalty is huge here…just read the reviews. A+++ Good Will is well established and reflected in the various awards and honors they have received.

Growth & Expansion:    Top Growth Opportunities: 

1. Expand opening hours…currently closed Sun and Mon, closed evenings after 6, short hours on Sat

2. Expand premium staff members

3. Raise prices (well below market prices in an area w little price sensitivity) 

4. Add massage and hydro facials

5. Expand product availability and merchandising; extend store branded product set

6. Continue 401k & health insurance for employees…recruit & retain best staff is the principal here

Support & Training:    OWNER WILL ENSURE NEW OWNER CONTINUED SUCCESS BY STAYING ON W NEW OWNER FOR UP TO 60 DAYS. This mitigates risk as owner’s clients will meet new owners during the 2 month transition for a smooth slow handoff.

Owner will share her knowledge of the organic services they provide in detailed training. Turnkey operations with technology managing POS, appointments, etc..

Reason for Selling:    Sacrifice: New baby; too stretched timewise!