Business Overview

This is a well established massage/spa business for sale in Butler Co, Ohio, on a high traffic thoroughfare with easy access to and from I-71, I-75, and I-275. They offer many modalities of massage, all tailored to their specific client’s by skilled caring professionals. Services include massage, cupping, reflexology, Belavi Facelift Massage, Reiki, paraffin dips, & mini facials. Seller is seeking to retire but will stay on for the right buyer.
Perfect business for an existing licensed therapist who has a vision of being an owner-operator of their own business. Existing operation has 3 total rooms, 1 is rented for additional income to a long term therapist. In operation for nearly a decade with a high-visibility location. Great Opportunity for the right person. Please contact the listing agent Brandon Owens at 513-392-6750.

Financial

  • Asking Price: $75,000
  • Cash Flow: $34,500
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2002

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:750
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 750 square feet with a Total Rent of $775. Lease ends 04/2021. Seller is active in the business with 3 Independent Contractors. Days of operation are Monday - Saturday. $1,000 in Inventory and $7,920 in FF&E included in Asking Price. $5,000 made in Leasehold Improvements. Working owner Massage Therapy License or Esthetician License required.

Is Support & Training Included:

30 Days

Purpose For Selling:

Retirement

Additional Info

The company was started in 2002, making the business 20 years old.

The real estate is leased by the business for $775 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is really essential that you not rely absolutely on a seller's word, yet rather, utilize the vendor's response combined with your total due diligence. This will paint a more sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Many times, companies have repeat clients, which create the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the location, road building, and personnel turnover can affect repeat customers and also adversely impact future profits. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional average house earnings influence future income potential?