Description

This is a very upscale, fully furnished 9,000 sq. ft. Spa and Salon Space in Devon, PA, on the Main Line. The lease includes very expensive furnishings and equipment making this a very affordable turn-key solution.

The spa / cosmetic clinic was started back in 2003 by a dermatologist and her lawyer husband. They set it up as a very high end spa, massage and skin care center, and imported chairs and fixtures from Switzerland. They had mentioned that they had spent $ 2.2 million for the build-out of this 9,000 sq. ft. building.

Then few years later, the couple divorced and then the future plans fell apart.

Second party to lease this was a family - mother, daughter and son-in-law. They ran it for some four years. Towards the end, they also installed an upscale salon facility with imported furniture. Salon occupies roughly 1,000-1,500 sq. ft. of area. And they subleased this salon space to another party. But within 15 days of salon opening, the family (mother, son and son-in-law) closed the business as they had a falling out. As a result, the sub-leasee, salon owner, also had to shut down. So the Salon portion was hardly used.

The tenant gets complete turn-key spa, salon, skin-care and treatment center that includes upscale furnishing, lots of left-over equipment which is worth several million dollars. The facility has many small patient / customer rooms.

If the tenant does not need full 9,000 sq. ft. space, they can sub-lease some of it as an office place to doctors or other complementary businesses.

Request a brochure.

Posted Jun 17, 2016

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