Meet our first 30 Under 40s
I am thrilled to share our first recipients of SpaRetailer’s 30 Under 40 award.
CK Spas, Dana Hyde and Charles Koncewicz — 30 Under 40 2024
Dana Hyde and Charles Koncewicz, the husband-and-wife team behind CK Spas, have built a thriving business rooted in hard work and adaptability.
Everything Must Go
If you’re considering liquidating your business, it’s likely taken a lot of forethought and seems like the best option before retiring. Selling your business to the public is a good option for hot tub retailers who need to eliminate inventory and break even.
Charting the Course
When we move beyond being a typical salesperson, we can establish a vision of what is required to become excellent at our jobs (selling), not just for one year but for all years. We understand we have much work to do, and it won’t happen overnight. There is no hack or shortcut to excellence and sustainability; it is a continuous effort of growth and development.
A Fresh Perspective
In the evolving landscape of the modern workplace, understanding Generation Z — those born roughly between the late 1990s and early 2010s — has become crucial.
Jacuzzi: Seeing Wellness in a New Light
Jacuzzi is taking the health benefits of its swim spas a step further by introducing infrared and red light therapy technology.
Clearing the Confusion
When treating a hot tub, one of the most common issues is discolored water, which can range from a common yellow or green to even brown, orange or black.
Extending Summer’s Vibe – and Sales
For families eager to extend their backyard relaxation — and for spa retailers looking to sustain their sales momentum beyond the summer rush — the solution is simple: outdoor heaters.
Women in Water
Hot tubs can offer many physical and mental benefits for women. While the relationship between hot tub use and hormone regulation is not extensively studied, the effects of relaxation and stress reduction from hot tub use can indirectly influence hormone levels.
QCA Spas: Small Beginnings to Big Growth
Deep in the heart of Iowa, QCA Spas has been a player in the hot tub industry for decades, evolving from a small, family-run business into a modern, thriving company.
EBITDA and the Multiple
In my last article, I defined EBITDA as net profit adjusted to make it more useful for business valuation. To estimate a company’s value, valuers multiply EBITDA by a number called the “multiple.” The result is the estimated value of the company. For example, a company with an annual EBITDA of $500,000 and a multiple of 2 has a value of $1 million.