Successful Medical Spa on the corner of Yonge and Eglinton in Toronto, Ontario is up for sale as owners are planning to move. The Medical Spa has actually been open for 4 years with increasing sales and profitability year over year, with very limited advertising. Great opportunity for the right person to continue to grow and expand the business. The Medical Spa offers such treatment as Laser Hair Removal, Chemical Peels, Silkpeel, Photofacials, Acne Treatments, Fraxel Skin Resurfacing, Botox, Fillers, and our own 3D and 4D Skin Rejuvenation treatment, Latisse, Eyelash Perming, as well as classic spa offerings such as waxing, manicures, pedicures, facials, etc.
The Medical Spa has actually just gone a $120,000 renovation and just signed a 5 year lease with an optional 5 years. Rent is ONLY $2600 per month including TMI and 1 parking spot. Rent is the lowest negotiated rent in the area. The Medical Spa has actually 5 rooms, reception area, office, and a Spa Area that can be converted to offices or rent rooms to RMTs or other medical professionals. The Medical Spa is 1278 sq ft in total.
We are connected to the Eglinton Subway station for easy access, as well as to Yonge Eglinton Centre Mall. There are 24 condos high rises either currently being built, completed or near completion around the Medical Spa, which will be increasing the number of clients in the medical spa in the coming years.
This is a turnkey business with active clients, and you can begin working on the day of the purchase of the business. The owners are willing to stay on for up to 3 months in order to finish a smooth transition of the business to the brand-new owner or owners.
This would certainly be an asset sale and would certainly include all naming rights, Facebook page, Twitter page, website, all equipment and chattels. The equipment is valued at over $120,000, which includes 3 Palomar 300 units, Fraxel 1500 laser, all hand pieces, Silkpeel unit, etc.
Asking Price Range: $250K – $500K
Gross Revenues: $510,000
Cash Flow: $150,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
Year Established: 2010
Number of Employees: 4 – 5
Current Real Estate: Leased
Property: Property For Lease
Management Training and Support: Owners will help train and stay on for up to 3 months for smooth transition.
Reason For Selling: Owners moving out of state.