Well Established Spa for sale Owner Financing Available
Business Description
WELL ESTABLISHED SPA FOR SALE - OWNER FINANCING AVAILABLE
This thriving spa business presents an exceptional opportunity in downtown Bangor, Maine. Established in 2017, the business has built a solid foundation with $230,000 in annual revenue and maintains consistent operations in a prime 3,000 square foot location.
BUSINESS OVERVIEW:
The spa operates as an absentee-owner business, demonstrating strong systems and processes that allow for hands-off management. With one employee and established operational procedures, the business provides a stable income stream with seller's discretionary earnings of $15,000 annually.
LOCATION & FACILITIES:
Prime downtown Bangor location provides excellent visibility and accessibility for clients. The spacious 3,000 square foot facility offers ample room for current operations and future expansion. Monthly lease rate of $3,000 with lease extending through August 31, 2025.
MARKETING & CLIENT BASE:
Strong digital presence with website and SEO generating consistent organic leads. The established customer base provides reliable revenue streams, while the online marketing foundation supports continued growth.
GROWTH POTENTIAL:
Significant expansion opportunities exist through additional service offerings including nails, hair, and higher-end cosmetic services. The current space can accommodate these additions, providing multiple revenue enhancement possibilities. Limited local competition creates favorable market conditions for expansion.
FINANCIALS:
Annual Revenue: $230,000
Cash Flow (SDE): $15,000
EBITDA: $15,000
FF&E Value: $15,000
Inventory Value: $4,000
Asking Price: $30,000
FINANCING & SUPPORT:
Owner financing available to qualified buyers. Comprehensive transition support includes three months of training and guidance to ensure smooth ownership transfer.
This turnkey opportunity offers immediate income potential with substantial room for growth under dedicated management. The combination of established operations, prime location, and expansion possibilities makes this an attractive investment for spa industry professionals or entrepreneurs seeking entry into the wellness sector.
This thriving spa business presents an exceptional opportunity in downtown Bangor, Maine. Established in 2017, the business has built a solid foundation with $230,000 in annual revenue and maintains consistent operations in a prime 3,000 square foot location.
BUSINESS OVERVIEW:
The spa operates as an absentee-owner business, demonstrating strong systems and processes that allow for hands-off management. With one employee and established operational procedures, the business provides a stable income stream with seller's discretionary earnings of $15,000 annually.
LOCATION & FACILITIES:
Prime downtown Bangor location provides excellent visibility and accessibility for clients. The spacious 3,000 square foot facility offers ample room for current operations and future expansion. Monthly lease rate of $3,000 with lease extending through August 31, 2025.
MARKETING & CLIENT BASE:
Strong digital presence with website and SEO generating consistent organic leads. The established customer base provides reliable revenue streams, while the online marketing foundation supports continued growth.
GROWTH POTENTIAL:
Significant expansion opportunities exist through additional service offerings including nails, hair, and higher-end cosmetic services. The current space can accommodate these additions, providing multiple revenue enhancement possibilities. Limited local competition creates favorable market conditions for expansion.
FINANCIALS:
Annual Revenue: $230,000
Cash Flow (SDE): $15,000
EBITDA: $15,000
FF&E Value: $15,000
Inventory Value: $4,000
Asking Price: $30,000
FINANCING & SUPPORT:
Owner financing available to qualified buyers. Comprehensive transition support includes three months of training and guidance to ensure smooth ownership transfer.
This turnkey opportunity offers immediate income potential with substantial room for growth under dedicated management. The combination of established operations, prime location, and expansion possibilities makes this an attractive investment for spa industry professionals or entrepreneurs seeking entry into the wellness sector.
About the Business
- Years in Operation
- 8
- Number of Employees
- 1
- Facilities & Assets
- This is a well established spa with 6 massage therapists and 1 front desk administration. Therapists are currently working under 1099 status as independent contractors but could be converted to employee status. We are currently ranked very highly in organic searches for a number of keywords with lead generation healthy. Current owner is unable to provide the necessary growth and management to properly capitalize on available growth.
- Market Outlook / Competition
- Current competition is limited but there are a couple of other locations in Bangor that provide similar services.
- Opportunities for Growth
- Significant growth opportunities exist for adding additional services including nails, hair and higher end cosmetic services. Current challenges are around management bandwidth.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
- Rent
- $3,000.00 per month
About the Sale
- Seller Motivation
- Owner has limited ability to properly manage growth and expansion.
- Transition Support
- Owner willing to provide 3 months of training and support during the transition.
- Financing Options
- Owner Financing available to the right buyer
Listing Info
- ID
- 2395453
- Listing Views
- 429
Listing ID: 2395453 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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