Luxury Spa in Saratoga County, New York - 35901

Financing

$250,000 Down and $422k for 96 months @ 7%

Business Description

This 10 year old Luxury Day Spa is semi absentee operated in one of the wealthiest areas in New York State. Recently moved locations to a brand new build-out with parking (essential for the area). The owner spends 10-20 hours per week in the spa. Current treatments being offered are traditional and clinical esthetic skin care, massage, energy healing, health and wellness and lash and brow treatments. The spa has a business plan to offer medial spa treatments to its portfolio (i.e. Botox, Juvederm, IV infusions, etc.). It has a medical director on staff who is willing to stay on, and there is FF&E to support these treatment additions. The spa also has a short term rental unit attached, fully furnished, which can be used with the spa (as a Spa & Stay), or could be used on its own. The lease for the spa and the STR unit is assignable with no further security deposit. Lease remaining is 3 years. This highly rated business is located in an area which is experiencing a population boom and increasing affluence. It’s also located just 2 miles from a nationally recognized race horse track, which draws visitors from across the country for the summer months. The spa itself has 6 treatment rooms, men’s and women’s locker rooms, a sauna and a gated outdoor terrace. The spa also sells retail products. Acquisition of the full business includes all furniture fixtures and equipment, the STR unit, and the business model to allow for medical spa growth. The business already has a medical spa director on staff who is willing to stay on. The opportunity is ideally positioned for a buyer to come and increase marketing, add additional tech, increase net revenue and achieve higher revenue and profits by fully utilizing the business model that is currently being worked on, or by creating your own with all the newest machines and procedures, with an existing staff willing to stay on. There is opportunity for this business to become absentee owned with some time, training and additional salary spend. This is a predictable business that has completed 42,429 sessions in its 10 years in business, and 3,995 sessions YTD 2023 at the time of this posting. Spending on personal appearance and self-care continues to grow, and in addition, Saratoga County is experiencing a population boom and increasing affluence. Saratoga County is a target rich demographic environment, where millions of dollars flow in and out of the county every year. There are multiple luxury condos being built, along with attracting a wealthy short term crowd yearly. With some additional marketing effort sales can be doubled, especially by utilizing the attached STR unit (currently marketed as a Spa & Stay). This spa has limitless potential. Make it yours today. For additional details and inquiries, please reach out to our broker, Coral Chovaniec at 585-734-7940.

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