NAPERVILLE SALT CAVE

1324 E. OGDEN AVE.NAPERVILLEILLINOIS

Incredible opportunity to buy and operate a successful and profitable business along with real estate that provides additional cash flows. Owner/operator of the Naperville Salt Cave is seeking another owner/operator to acquire the existing business along with the seven-unit office/medical building at 1324 E Ogden Ave in Naperville.

The business is cash flow positive and growing at a tremendous rate. The owner has invested over $350,000 to build one of the nation’s finest and most comprehensive salt cave and wellness spas. In addition, the owner has spent over $100,000 in 2017 alone on marketing and advertising costs to build and promote the brand which has generated tremendous momentum and constant month over month increases in sales. The investment in the building alone, generates over $90K in annual NOI which produces a 6.30% Cap Rate.

The business generates an additional $120,000 a year in gross profit, which is in addition to the owner/operator taking a $100,000 annual salary. This incredible investment can produce almost $170,000 per year, after financing and pre-tax at current sales and rent levels. That translates to a 43% annual Cash on Cash Return on Investment – without changing a single thing. A conservative business plan projects sales growth at 50% of capacity to increase annual investment returns, after financing and pre-tax, to $490,000 or a whopping annual 125% Cash on Cash Return on Investment. Are you the right operator to take on the business and the building to recognize these conservative and achievable returns? The owner is so confident in the ongoing success of the business, he is even willing to provide seller financing. The building will not be sold without the business and pro forma projections are based upon a full-time owner/operator taking over and running the already successful business. Longer term opportunities exist to increase the footprint of the business and add additional services and revenue streams.

DO NOT DISTURB EXISTING BUSINESS

Mikus Kins
Senior Vice President
$1,950,000
Contact Agent

Additional Salt Cave Details

Naperville Salt Cave - 3D Tour

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Mikus Kins
Mikus Kins is a capital markets expert who has extensive experience in both domestic and international financial markets working closely with global financial institutions, hedge fund managers, developers and high net worth/institutional investors. ... Read more
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