Spa Business for Sale Davenport Iowa
Square Footage
Price of rent
including CAM charges
including CAM charges
This very unique opportunity to own a Spa business in Davenport Iowa, which is known as the economic engine of the larger “Quad Cities” metro area, home to several successful Fortune 500 companies including Kraft Heinz, Sterilite Corporation, Nestle Purina, Sears Manufacturing, and John Deere. Current owners have been operating the business remotely leaving a tremendous amount of opportunity for growth and expansion. The sky is truly the limit for a hands on owner, motivated to own one of the top spa businesses in the Midwest!
The Spas QC was established in 2022, and built in association with Orion Technical College’s 4.5-million-dollar new facility relocation construction project under common ownership. While designated as a strategic initiative for the advancement of graduates from the College’s Medical Massage Therapy program, recent regulatory adjustments have impacted the College’s ability to benefit from the partnership and thus is the motivation behind market placement.
It should be noted that the Spa has ONLY operated as a professional facility, NOT as a training environment. It employs only licensed practitioners to provide professional services. Owners are selling to maintain 100% focus on the college and understand that the potential of the spa is unlimited as they have been successfully running the company remotely. With the oversight and knowledge of an industry insider or wellness professional, the Spas QC potential is unlimited.
Located in Davenport Iowa right next to Kohl’s, directly across the street from Lowe’s and Sam’s Club on Elmore Ave., which is one of the Quad-Cities busiest throughways estimated to have more than 20 thousand vehicles with multiple occupants daily.
This nearly thirty-two-thousand square foot facility was reconstructed by Russell Construction Group in 2021 to house Orion Technical College and The Spas QC. Streamline Architects, the Quad-Cities own Award-Winning Architectural firm, was contracted to introduce their unique design concepts for both spaces. The anchor tenant, Orion Technical College, formerly known as Hamilton, has more than 45 thousand alumni and welcomes thousands of visitors annually. The College was recently granted master’s degree approval and will be offering Computer Science, Business Analytics, and Artificial Intelligence Masters in mid-2024. So, there will continue to be a growing potential client base right next door for many years to come.
Additionally, there’s sixty-five-hundred square feet of expansion space “currently available” on the north side of the facility adjacent to the Active Endeavors and the Rudy’s Taco building.
The spa was designed to provide a full service experience for those seeking beauty treatments and relaxation therapies. The Spas QC offers a range of massage, massage enhancement therapy, body treatments, facials, skincare enhancements, hair services, nail services, lash & brow treatments, spray tanning, float therapy and red light therapy.
The spa & salon currently occupy 2,649 sq. ft with an additional 7,166 sq ft. available for a new owner to build out and grow, should you want more space to dominate the spa industry in Iowa.
This sale is comprised of 61% asset sale and 39% sale of the existing book of business. Regulations of the former association with Orion Technical College restrict financial reports during the relationship between Spas QC and Orion College.
We are only able to supply revenue reports from January 2024 to current however the assets of the sale include $439,400 in equipment, buildout, digital assets and inventory. Below you will find the layout of the Spa as well as the available additional space to build out.
Interested? Inquire today to speak with the owner about this opportunity!
SC YouTube video on the spa- https://youtu.be/XO6sSu0HavU