Hot Listing
Stabilized Business - Perfect Location - Cinco Ranch/LaCenterra
Business Description
Our Spa is located in the heart of Cinco Ranch which is adjacent to a high traffic shopping center (LaCenterra) and Cinco Ranch High /Jr. High School. We have taken advantage/capitalized on our location and have established great relationships with all surrounding shops, schools and local residents. This Spa is a huge opportunity with so much potential for additional revenue growth. The demographics for our location/customer base would be considered a more upscale demographics with higher incomes and higher home values reported. Quality service with a quality product/atmosphere is a must for this location. In return for these efforts, a quality revenue should be expected. The sky is the limit for this Nail & Spa.
High Level Details:
- Space = 1,500 sq/ft
- Last Renovation - March 2023 - $60,000
- All Chairs, Desk @ Pedi Spas - Purchased New January 2022
- Current 5 yr Lease Expires - September 2025
- Current Monthly Lease Amount. - $4,250 ($34 sq/ft/yr)
- New Monthly Lease Amount - 100% Negotiable (5Yr - 10Yr Lease Options)
- Tennent Improvement Allowance - 100% Negotiable (Renovated Approx. 2 Years Ago)
- Buyer will be responsible for negotiating new lease contract.
- Financials & Inventory Available Upon Request.
High Level Details:
- Space = 1,500 sq/ft
- Last Renovation - March 2023 - $60,000
- All Chairs, Desk @ Pedi Spas - Purchased New January 2022
- Current 5 yr Lease Expires - September 2025
- Current Monthly Lease Amount. - $4,250 ($34 sq/ft/yr)
- New Monthly Lease Amount - 100% Negotiable (5Yr - 10Yr Lease Options)
- Tennent Improvement Allowance - 100% Negotiable (Renovated Approx. 2 Years Ago)
- Buyer will be responsible for negotiating new lease contract.
- Financials & Inventory Available Upon Request.
About the Business
- Years in Operation
- 5
- Number of Employees
- 5
- Currently Home Based
- Yes
- Facilities & Assets
- Everything that is not permanently affixed to the space is included in sale. Inventory is available upon request. All FF&E, appliances, tables, chairs, spa chairs, furniture etc... is included in sale.
- Market Outlook / Competition
- Based on our "Market Survey" we meet an average price point for our market. (Survey can be provided upon request) For 2025, we have rolled out a very successful "VIP Card" promotion. All LaCenterra employee's/Grand Apartment residents/medical/military/1st responders and get 20% off Mon-Wed. All employee's for Katy ISD, Fluor Engineering & RPM get 20% off any time. Our comps do not seem to promote much and they depend on walk-in traffic. We have shopped all local competition and not found anything that compares to the quality of service that we offer.
- Opportunities for Growth
- Growth Opportunity - When we purchased this Spa, we had to determine what would separate us from competition. Private parties/venues have been a huge part of our success. Within 6 months, we had a total of 11 parties and 1 large Valentine venue. Our private parties range from 8-20 guest. We do these parties off the books. Our revenue for these parties range from $1,200 - $3,500 with a 40% profit margin for each party. Offering a private party package is something that the local comps do not promote. Cinco Ranch - Private Parties Big Hit.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,500
- Rent
- $4,250.00 per month
About the Sale
- Seller Motivation
- Investing in retail redevelopment/management that requires full time attention.
- Transition Support
- Owner/Manager will spend first 30 days onsite to train new Ownership. We will need to demonstrate the level of service we offer and we will need to formally introduce you to all of our customers customers. We want to promote a smooth transition with us gradually fading out. Additional mobile support will be offered after the first 30 days.
- Financing Options
- Seller will allow a 10% retainer/hold. (Due after 90 days / before 120 days)
Listing Info
- ID
- 2370986
- Listing Views
- 1884
Listing ID: 2370986 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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