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Leading Wellness Spa And Clinic In Victoria For Sale

Victoria, British Columbia, Canada
Asking Price:
$500K - $1M (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$100K - $250K (CAD)

An established and award-winning wellness spa on Vancouver Island for over 15 years. The spa has built a solid reputation for providing exceptional multi-disciplinary services, outstanding guest care, and employing dedicated, knowledgeable, long-term employees.

SNAPSHOT

Revenue 1.4
10.35% growth over 2022; 10+% in 2024 over 2023
Located in downtown Victoria business district
Exceptional facility
15+ treatment areas
10-year lease, $16 sq foot; option to buy the building
45,000 client list
20+staff members

The spa industry is a 3-billion-dollar force in Canada and is growing at a rate of 5% per year. It has seen steady and increasing growth for 20 years. Onboarding new practitioners and further development of the online boutique would provide an exceptional opportunity for increased profit and growth. The spa is not at its capacity. The spa is uniquely differentiated with a moderately competitive marketplace in a city of health-conscious, lifestyle-oriented people. Tourism is a key segment for additional growth.

Private and confidential. Do not approach the business. Employees are unaware of the sale.
Serious inquires only. Vendor-buy back financing available. Price negotiable.

NDA required.

Property Information

Real Estate:

Lease

Lease Terms:

10 year lease

Lease Rent:
$16 (CAD) per sq ft per annum
Location:

high street, walk by traffic, business district.

Premises Details:

Well maintained, large facility with treatment rooms, shower, retail area, lounges, staff room, laundry, storage.

Size in square feet:
4,000

Business Operation

Expansion Potential:

Not at capacity and currently turning away business. Online retail as well as adding new employee's will be revenue drivers.

Competition / Market:

Victoria and area residents are health conscious, active, and a lifestyle oriented demographic. The spa clientele is 75% female, 25% male, age 35-65. The spa is located centrally to government and financial sector offices in downtown Victoria. A complete brand package, including trademarks, website, google listing, social media and other promotional material are included. The spa is ranked top 3 spas in Victoria, sited as one of Canada’s most inspiring spas, has received numerous awards, nominations.

Reasons for selling:

Retiring.

Employees:
20

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$450,000 (CAD) - included in the asking price
Inventory / Stock value:
$50,000 (CAD) - included in the asking price