BizEx116-KF: Orange County Med-Spa

Background:

General Location:Garden Grove, CA
Category:Services > Health, Medical & Dental
Services > Other Personal Services
Years in Business:4
Under Present Owner:4
Hours of Operation:M-Sat 10am-7pm
Owner Hours:Tuesdays and Saturdays
Training:3 weeks, 10 hours/week
Organization Type:LLC
Lease Expiration:N/A
Lease Options:None...
Building Size:2,000 sqft
Employees:3 FT; 1 PT

Reason for Sale:
Conflicting business interests

Financials

Asking Price:$60,000
Down Payment:$60,000
Gross Sales:$300,000
Discretionary Cash Flow:$60,000
FF&E:$ 15,000
Inventory Included?Yes
Inventory:$ 3,000
Minimum Operating Capital:$ 3,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 2,750/month
Payroll:$ 4,000/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Summary

Business for sale is an Orange County based medical spa that has been in operation for over five years. This is a perfect business opportunity for an existing operator or a registered nurse or nurse partnership. One of the current nurse employees would like to find a partner to buy the business with her. While the current owner is an MD, a new owner would not need to be a physician. The seller is an expert in the field and is willing to provide ample training and support to a new owner. This business has never reached its potential as the owner only works on site two days per week. The top grossing month generated approximately $60k in revenues which if maintained would yield a substantially higher earning figure. The facility is very attractive and well designed and could be adapted easily to other medical type applications. Just the build out alone is in excess of the asking price. The landlord has just recently lowered the rent to a very attractive level. The owner is highly motivated and the business is trending upward thus this opportunity is priced to sell. For more information please go to www.bizex.net and "register". You may also contact Kendric directly at 310-968-2369 for more details.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.