Description of the business for sale
Outstanding business that has been increasing revenues 25% per year since inception in 2003. Opportunity consists of 17 room hospitality property comprised of 11 guest rooms and 6 treatment rooms plus a very profitable day spa business. Occupancy rate in 2006 better than 75% with this business on course in 2007 to exceed $1,000,000 in gross revenues. The property is well managed with an excellent business plan and will only increase revenues and profits over the next several years. Most of the clientele is drive in clients from Los Angeles, Orange County and San Diego (a short 2 hour drive away) so that this busine4ss would not be affected by any slow down in airline traffic. The property is absolutely drop-dead gorgeous and guests are pampered by a well trained staff. There is a natural hot mineral water well on the property that supplies 135 degree water to the spa and pool as well as for irragation for the landscaping on the property, a boutique lobby store with apparel and spa products and an extensive menu of spa packages for the guests. The day spa is open to the public and many of the treatment rooms turn 3 to 4 times a day in season. More than half the income in 2006 was derived from the 6 treatment rooms. Additional sources of income to be promoted is the hosting of Weddings, parties and corporate retreats.
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Support / Training provided by seller
The owner spends considerable time away from the property but she a well trained manaqement staff in place that will continue to stay on and operate the business for the new owner.
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Description of the facilities
The spa/resort sits on approx 30,000- sq.ft. of land with great views overlooking Palm Springs and the San Jaciento Mountains which rise up approx. 13,000 feet just to the SW of the property. The property is sold completely furnished and is in superb condition as the owner purchased this property in 2002 and took everything down to the studs and completely rebuilt and remodeled everything and did not open for business until 2004.
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