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Multi-service business in health & wellness industry. Nashville, TN!
Nashville, Tennessee
This business is under an LOI. Please contact Karen Schorkopf for updated status of pending deal. Any new offers will be for back up purposes until further notice.
Asking Price: $1,208,000
Cash Flow: $460,212
Gross Revenue: $1,262,553
FF&E: $TBD Seller updated most equipment 2024
Inventory: $10,000
Rent: $9,000 per Month
Established: 2017
Business Description
This fantastic multi-service health and wellness business is a pioneer and leader in the heart of upscale and growing Nashville. Fun, fulfilling, community oriented, scalable and highly profitable. This is a fully staffed business where the owner is largely absentee. As such, this is truly a turn-key operation, though the owner will train and transition a new owner.
• Operations are simple and straightforward
• Membership based clients, repeat clients, new clients, famous clients and tourists alike.
• Top Nashville locations
• A feel-good, community-oriented business that enriches the lives of both client and owner.
• Opportunity to open additional locations.
• A buyer could work in the business as an owner-operator and retain more cash flow.
Detailed Information
Location: Davidson County, TN
Inventory: Included in asking price
Real Estate: Leased
Building SF: 2,607
Lease Expiration: 6/1/2034
Employees: 8
Furniture, Fixtures, & Equipment (FF&E): ~$ 135,000 (This is an estimate. Market value to be estimated and list to be provided).
Included in asking price
Facilities: The real estate would be considered to be "location, location, location", in the heart of the city's shopping, residential, dining and entertainment district. The area has high property values and affluent residents. Nashville remains one of the fastest growing cities in the US. All FF&E and $10,000 in inventory are included in the sale. The decor is stylish/modern/updated, extremely clean and exceptionally inviting Inquire with the broker for details.
Competition: There are many businesses that operate in the spa space. As a leader staying ahead of industry trends, this spa has rapidly built a loyal clientele list. They have won many "best of" awards and enjoy many 5-star reviews and have been featured in many local and national publications. The differentiator is the customer experience. This business features state-of-the-art equipment.
Growth & Expansion: The greatest opportunity for expansion is by opening additional locations. The business is not at capacity and has mostly grown by word of mouth and community referrals. The owner has not done a lot of marketing and advertising so there is tremendous room for growth.
Financing: Limited Seller Financing to qualified buyers at Seller's Discretion. The business financials are very clean and strong, and a qualified buyer should have no problem obtaining either a conventional or SBA loan of they put 20% +down.
Support & Training: During due diligence, the Buyer will learn a great deal about operations, staff, facilities, systems, services, clients etc. This Broker provides a very detailed 23-page Confidential Information Memorandum that will support any investors process or any buyer's bank application process. In addition, the seller will provide post-closing training and transition.
Reason for Selling: Owner is moving on, looking for a successor for the beloved wellness business.