SOLD: High-End Medical Spa (Semi-Absentee Owner) #114003
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
“Thanks for everything! I think I have breathed my first real sigh of relief since COVID hit.”
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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