Medical Spa In Vernon, BC

Industry Overview

The global medical spa market size in 2022 was valued at approx. $16.4 billion USD and is expected to expand at a compound annual growth rate (CAGR) of 14.97% from2023 to 2030. The market growth can be attributed to several factors, such as an aging population, an increasing consumer awareness about self-care and anti-agingservices via social media marketing trends, and a rapid expansion of the wellness tourism sector.

Location

Located in its city's center, and within less than an hour of the nearest international airport.

Business Description

Committed to educating their customer base on the best skin care treatments, and practices, the team have developed a pristine reputation - and book of repeat business unmatched in the region.

The company has garnered with several awards over the years for their service in the region, and with turnkey staff, the current operating structure has been commissioned in a format for ease of transition to new ownership. It is expected most, if not all staff, would remain intact upon sale.

Premises Details:

• Annual Basic Rent (year 1 w/ 2.5% increase per year)  - $35,900
• Building Size - 3,150 Ft2
• Effective Rent/Ft2 -  3,150 Ft2
• Lease Agreement Date -  July 15, 2021
• Term (years) - 5.0

Financial Summary

Revenue - $1,980,162
EBITDA - $682,494