Midwest Premier Spa And Fitness Center
Location United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2600000
Net Profit / Cash Flow $231000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Owner will assist with orderly transition.
Reason for Sale Owners have decided to end their partnership.
Description Premier destination spa and fitness center located in a luxury hotel in a very desirable downtown metro location. $4.5 million developer-paid build out positions the destination spa as the finest in the area. Continuous revenue and earnings growth since starting in 2008 in spite of the "Great Recession." Unmatched menu of wonderful spa services, including special facials and body treatments, on-site aesthetic physician services, manicures, pedicures, and salon hair care. State of the art fitness center features treadmills and elliptical machines with individual TVs, weight machines and free weights, yoga studio, convenient classes and professional training staff. Owners have decided to end their partnership. President open to staying on as employee or equity Partner. 2012 revenue of $2,600,000, up from $2,300,000 in 2011. 2012 EBITDA of $231,000 after President's salary, up from $190,000 in 2011. Priced at $1,750,000 on a debt-free basis. Includes all equipment, intangibles and net working capital as of 12/31/12.
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