Business Overview

This newly established Cryotherapy business is perfect for any new owner looking to help better people’s lives while continuing to expand the business. First established in 2019, this company has continued to grow through pandemic and all, thanks to the help of top-of-the-line equipment, a strong customer base, and a well-trained staff.

This business focuses on cutting edge services to produce results that make people leave feeling better after every visit. These services include whole body cryotherapy, compression therapy, celluma LED therapy, etc. that assist in pain management, sports performance & recovery, reducing inflammation, anti-aging, metabolism boosting, and overall wellness.

With the overall market on fire and projected to grow 10.3% in revenue annually, and an already well-established business in the local area, this business is ready for any new owner interested in health and wellness to take over and continue growing with the market.

Financial

  • Asking Price: $149,000
  • Cash Flow: $50,000
  • Gross Revenue: $220,000
  • EBITDA: N/A
  • FF&E: $80,000
  • Inventory: $3,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

other interests

Additional Info

The company was established in 2019, making the business 3 years old.
The sale does include inventory valued at $3,000, which is included in the requested price.

The company has 5 employees and is located in a building with estimated square footage of 1,200 sq ft.
The property is leased by the company for $3,171 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. Nevertheless, the true factor and the one they tell you may be 2 entirely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of various other reasons. This is why it is very important that you not depend totally on a seller's word, yet instead, use the seller's answer together with your total due diligence. This will paint an extra sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in new consumers? Many times, companies have repeat consumers, which create the core of their day-to-day earnings. Particular aspects such as new competition growing up around the area, roadway building and construction, as well as personnel turnover can affect repeat customers and negatively affect future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning customer base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the regional median home earnings impact future earnings prospects?