Business for Sale Shape & Shine Spa Price: $240,000
A+++ Location in East Boca Raton 1,400 SF Nail Salon Business includes inventory, furniture, equipment & all other business essentials Buildout Completed in 2019 SHAPE AND SHINE SPA
141 NW 20TH ST UNIT H5 • BOCA RATON, FL 33431
4151 Hollywood Blvd | Hollywood, FL 33020 | Phone: (954) 361-0000 | Fax: (954) 361-0070 | www.DeMarcoGroup.com TABLE OF CONTENTS
Property Summary 3 Property Description 4 Property Photos 5 John DeMarco, CCIM Sales Report 2019 2020 7 Broker / Owner 9544531000 Monthly Expenses 9 [email protected] Nearby Tenants 10 Location Map 11 Boca Raton Brochure 12 Detailed Demographics 15
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions. PROPERTY SUMMARY Page 03
Summary Location Overview Offering Business Boca Raton, the second largest city in the Palm Beaches, is a Business Type: Beauty Salon community where history and innovation come together. Influenced by the notable architect, Addison Mizner, Boca Raton was built around an Price: $240,000 elegant Mediterranean Revival style that later grew into a vibrant city full Real Estate: Leased of rich art and culture. From live concerts and international art exhibits Lease Term: 6 Years to outdoor festivals and worldclass museums, Boca Raton's dynamic Monthly Rent: $2,941.97 cultural scene offers unique experiences for all ages. Boca Raton has five miles of beautiful Atlantic coastline and 46 parks with 1,650 acres Gross Annual Income: $165,779 of recreational space to encourage a healthy and active lifestyle. One of Net annual Income: $99,780 the first cities in the U.S. to adopt a tree protection ordinance, the City of Boca Raton boasts landscapes with endless nature trails, green spaces and waterfront activities. Economy Overview Boca Raton also has a thriving business community that was pioneered from the development of the personal computer (PC) at the Boca Ratonbased IBM campus in 1967. Today, over 30 corporate headquarters, from innovative startups to large corporations, call the City of Boca Raton home. The Boca Raton Airport offers a customs facility that welcomes travelers from all over the world, conveniently putting them minutes away from business centers, entertainment, worldclass dining and one of South Florida’s top luxury shopping malls that features a mix of upscale specialty shops and department stores. A true “full service” city, Boca Raton is consistently recognized for being one of the safest cities to live in and for having one of the lowest property tax rates for a fullservice city in Florida. PROPERTY DESCRIPTION Page 04
Beauty Salon Business for Sale Great business opportunity to purchase Shape and Shine Spa located at University Park in east Boca Raton, FL. Shape and Shine Spa opened in 2019 and the current owners spent $175,000 between buildout and equipment. Everything is brand new! In 2019, the business grossed $165,779 and generated $99,780 in net operating income. The business has very strong reviews online as the owners provide great service and care to all their customers over the past two years. They have outfitted the store to meet 2020 COVID guidelines as well. The purchase of Shape and Shine Spa includes inventory and equipment making this a turnkey operation and purchase for any new operator! Please contact our team with any questions.
University Park is a vibrant mixeduse shopping center that’s fully renovated with expansion currently underway. Just minutes from Florida Atlantic University, University Park is surrounded by east Boca Raton’s residential and college communities with ample parking and an impressive mix of small to midsize retail space. The tenant mix includes Cinnaholic, Busy Body Fitness, I Heart Mac n Cheese, Oishii Japanese & Hibachi, and an array of boutiques and trendy specialty shops. PROPERTY PHOTOS Page 05 PROPERTY PHOTOS Page 06 2019 Sales Report
January ------
February $5,100
March $11,433
April $14,521
May $14,578
June $12,687
July $13,307
August $15,401
September $17,238
October $19,858
November $20,539
December $21,117
Total Income: $165,779
2020 Sales Report
January $16,049
February $18,240
March $10,870 (CLOSED 03/19/2020,
April $0.00 REOPENED 05/13/2020
May $9,166 4 DAYS A WEEK DUE
June $10,917 PANDEMIC)
July $10,697
August $10,744
September $12,393 (OPENED 5 DAY A
October $14,303 WEEK FROM
November $ -- 09/22/2020)
December $ --
Monthly Expenses
Rent $2,941.97
Phone and Internet $148.00
Advertising $500.00
Salon Software $60.00
FPL $200.00
Credit Card $300.00 ß Depends on Income
Federal Tax $1,150.00
Supply $200.00
Total Expenses: $5,499.97
Annual Expenses: $65,999.64
LOCATION MAP Page 11 BOCA RATON, FLORIDA
Population: 95,745
Area: 31.59 sq mi (81.81 km2)
County: Palm Beach Median Age: Boca Raton: 48.5 Palm Beach: 44.9
Median Household Income: Boca Raton: $80,938 Location of Boca Raton in Palm Beach: $61,691 Palm Beach County Florida
Median Property Value: Boca Raton: $433,600 Palm Beach: $299,800 Transportation: There are several forms of transportation for citizens and Climate: tourists of Boca Raton. Palm Beach County's public bus service, Palm Tran, operates daily and also provides Subtropical; average rainfall: 62 service to the Tri-Rail commuter train stations. You'll find inches; average temperature: the nearest major airports are in Fort Lauderdale and 75.4°; winter mean temperature: Miami. Tri-Rail commuter trains have stations at both 66.5°; summer mean Fort Lauderdale-Hollywood International Airport (FLL) and Miami International Airport (MIA). Palm Beach temperature: 84.2° International Airport (PBI) is another option to fly into, about 25 miles north of Boca Raton. DEMOGRAPHICS In 2018, Boca Raton, FL had a population of 95.7k people with a median age of 48.5 and a median household income of $80,938. Between 2017 and 2018 the population of Boca Raton, FL grew from 93,964 to 95,745, a 1.9% increase and its median household income grew from $76,218 to $80,938, a 6.19% increase.
The 5 largest ethnic groups in Boca Raton, FL are White (Non-Hispanic) (76.5%), White (Hispanic) (9.67%), Black or African American (Non-Hispanic) (4.36%), Asian (Non-Hispanic) (3.06%), and Other (Hispanic) (3.01%). NaNk% of the people in Boca Raton, FL speak a non-English language, and 91.1% are U.S. citizens.The largest universities in Boca Raton, FL are Florida Atlantic University , Lynn University, and Everglades University.
The median property value in Boca Raton, FL is $433,600, and the homeownership rate is 72%.
ECONOMY The economy of Boca Raton, FL employs 45.8k people. The largest industries in Boca Raton, FL are Professional, Scientific, & Technical Services, Retail Trade, and Health Care & Social Assistance, and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction, Wholesale Trade, and Finance & Insurance. Median household income in Boca Raton, FL is $80,938. OUR LOCATION Boca Raton, the second largest city in the Palm Beaches, is a community where history and innovation come together. Influenced by the notable architect, Addison Mizner, Boca Raton was built around an elegant Mediterranean Revival style that later grew into a vibrant city full of rich art and culture. From live concerts and international art exhibits to outdoor festivals and world-class museums, Boca Raton's dynamic cultural scene offers unique experiences for all ages. Boca Raton has five miles of beautiful Atlantic coastline and 46 parks with 1,650 acres of recreational space to encourage a healthy and active lifestyle. One of the first cities in the U.S. to adopt a tree protection ordinance, the City of Boca Raton boasts landscapes with endless nature trails, green spaces and waterfront activities.
MIZNER PARK Mizner Park is a lifestyle center in downtown Boca Raton. The area contains several stores and fashion boutiques, restaurants, an iPic movie theater, and housing. The Center for the Arts at Mizner Park is on the development's north end, which includes the Boca Raton Museum of Art and the Count de Hoernele Amphitheater. Royal Palm Place is adjacent to Mizner Park, and it contains upscale shopping, restaurants, and apartments
TOWN CENTER MALL Town Center at Boca Raton is an upscale super-regional shopping center in Boca Raton that is the largest enclosed and conventional shopping mall within Palm Beach County, and the third largest by square feet in South Florida, behind Sawgrass Mills and Aventura Mall. In 1999, the Simon Property Group bought Town Center at Boca Raton and began building a new wing on its southeastern side, and completed renovations in 2018. Seritage Growth Properties plans to build a lifestyle center called The Collection at Boca Town Center which will provide shopping, dining, and entertainment.Crocker Partners will build a Restaurant Row near the mall. GUMBO LIMBO ENVIR. COMPLEX Red Reef Park has the Gumbo Limbo Environmental Complex, an environmental education center. Founded in 1984, Gumbo Limbo is a cooperative project of the City of Boca Raton, Greater Boca Raton Beach and Park District, Florida Atlantic University, and Friends of Gumbo Limbo. In addition to the sea tanks, butterfly garden and boardwalk trail through the hammocks complete with an observation tower, Gumbo Limbo also houses a research facility run by FAU where students study coral reefs, sea turtles, sharks, sea grass and other marine-related subjects.
SUGAR SAND PARK Sugar Sand Park is a municipal park in Boca Raton. It contains the Children's Science Explorium. Another park is the Burt Aaronson South County Regional Park in West Boca Raton. The park contains several amenities, including the Osprey Point Golf Course, a dog park, the Sunset Cove Amphitheater, the Coconut Cove Waterpark, and the Daggerwing Nature Center. Spanish River Park is a family- friendly city park along the Intracoastal Waterway for picnicking, swimming & bird-watching. DETAILED DEMOGRAPHICS Page 15
Population 1 Mile 3 Miles 5 Miles Male 4,638 31,641 80,966 Female 4,760 33,206 89,317 Total Population 9,398 64,847 170,283
Housing 1 Mile 3 Miles 5 Miles Total Units 4,510 35,509 100,260 Occupied 3,915 28,631 80,556 Owner Occupied 2,108 19,780 53,643 Renter Occupied 1,807 8,851 26,913 Vacant 595 6,878 19,704
Race 1 Mile 3 Miles 5 Miles White 7,464 58,116 147,123 Black 1,135 3,650 15,068 Am In/AK Nat N/A 14 34 Hawaiian N/A 10 10 Hispanic 1,509 7,558 18,624 MultiRacial 1,154 4,108 11,126 DETAILED DEMOGRAPHICS Page 16
Age 1 Mile 3 Miles 5 Miles Income 1 Mile 3 Miles 5 Miles Ages 04 440 2,465 6,298 Median $40,514 $65,176 $60,105 Ages 59 550 3,007 7,883 < $10,000 394 1,665 5,018 Ages 1014 503 2,836 7,484 $10,000$14,999 322 1,242 3,966 Ages 1519 457 2,834 7,443 $15,000$19,999 189 1,136 3,830 Ages 2024 490 3,245 7,934 $20,000$24,999 207 1,331 3,891 Ages 2529 528 3,492 8,181 $25,000$29,999 270 1,333 3,534 Ages 3034 553 3,496 8,396 $30,000$34,999 220 1,686 4,329 Ages 3539 639 3,632 9,009 $35,000$39,999 184 1,076 3,608 Ages 4044 738 3,906 9,975 $40,000$44,999 240 1,122 3,341 Ages 4549 765 4,301 11,021 $45,000$49,999 75 1,055 3,007 Ages 5054 728 4,476 11,458 $50,000$60,000 267 2,120 5,508 Ages 5559 674 4,520 11,531 $60,000$74,000 448 2,509 8,080 Ages 6064 581 4,411 11,275 $75,000$99,999 524 3,490 8,812 Ages 6569 477 4,080 10,686 $10,0000$124,999 309 2,452 6,471 Ages 7074 376 3,674 9,984 $125,000$149,999 179 1,612 4,008 Ages 7479 286 3,139 8,987 $150,000$199,999 177 1,939 4,419 Ages 8084 204 2,526 7,580 > $200,000 129 3,059 7,527 Ages 85+ 409 4,807 15,158