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Open in the same location for 22 years, this gorgeous and profitable skincare spa is the epitome of luxury and relaxation. Serving Kingwood and the surrounding areas, this business takes care of its clients like family and offers the best quality facials, massages, makeup and medical-grade skincare with an emphasis on treating and maintaining problematic skin. For three years in a row, the spa has earned the “Best of Kingwood” title. In 2019, annual revenues topped $311,000 with an SDE over $67,000. Considering the atmosphere in 2020, the business still did well, posting over $225,000 in sales. The business bounced back beautifully in 2021 and year-end revenues will be very close to 2019 numbers. What even better though is that the seller restructured her commission pay down by 15%, so the annualized 2021 SDE is over $91,000. Considering the fourth quarter is the most profitable in the beauty industry, it’s likely that 2021 sales and SDE will be even higher by year’s end.
The entire team at the spa is committed to teaching clients how to care for their skin at home to achieve optimum results. The spa sells only the best, high-quality product lines, including Skin Medica, PCA and the spa’s own private line. Estheticians offer many different services such as Bio-Ultimate Age-Defying Facial, Hydroboration, LED Facial, Oxygen Facial and PCA Power Peel. Additional highly requested services include massages and waxing. With room to grow by 2-3 part-time or 1-2 full-time estheticians and/or massage therapists, sales and profitability in 2022 should be higher than ever for the lucky buyer.
The history of this business speaks for itself since the owner and the spa have been a part of the Kingwood community for 22 years. As all businesses that have been open for over 20 years, this one has evolved and changed over the years. The spa recently went through a remodel that makes the waiting room and reception a welcoming and relaxing space…there’s even a fireplace! What hasn’t changed is the commitment to quality services and client-focused excellence.
The most important part of the recent history is the change in commission percentages for contract estheticians and massage therapists. The contract employees are still making a high hourly rate plus their tips, and the business is much more profitable under this structure.
There is ample room for growth in this business with things as simple as minor price increases and adding services. Adding more med-spa services like laser hair removal or similar could significantly add to the annual revenue. The spa could also add aesthetic services like injectables and fillers. Modern women of all ages are spending money and time to work on stopping time with things like Botox, Dysport and a variety of facial fillers. The rooms are spacious enough to add any necessary equipment that a new owner might want to purchase.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.