SOLD: High-End Medical Spa (Semi-Absentee Owner) #114003

  • Sold

About The Opportunity

  • Established in San Diego since 2006, one of the most popular facilities in San Diego.
  • Offers injectables, body slimming, facials, IV therapy, weight loss programs, spray tanning, etc.
  • High client return rate, consistent referrals, and an excellent reputation.
  • Tenured and high-caliber staff operating out of modern facility inclusive of nine rooms.
  • Owner, who is the medical director, moved out-of-state and sold to pursue other opportunities.

Other Important Information

Testimonial

“Thanks for everything! I think I have breathed my first real sigh of relief since COVID hit.”

– Seller

 

Noteworthy Transaction Points

  • Transaction closed in 4.5 weeks.  Took to market in November and sold in December 2020 (amidst a pandemic).
  • Sold for 2.3 x SDE from 2019.  Could not use last 12 months SDE due to Covid’s effect on revenue and profitability.
  • Sold for 94% of asking price with all cash and no Seller Carry Note.
  • Acquired by a private buyer with medical and operational expertise.

 

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