Listing ID: 77450
With a 270+ clientele, this massage clinic features 1300 sq ft with 6 rooms (including couples room), employee break room with laundry, cozy waiting area, full security system and inviting front desk check-in. Clinic only uses Certified Massage Therapists. Clinic features Swedish and sports massage, deep tissue, hot stone, reflexology, pre-natal, to name a few. The focus at this studio is pain management. Monthly memberships and gift cards are also available. Owners are looking to retire. Call agent for details.
- Asking Price: $110,000
- Cash Flow: $85,308
- Gross Revenue: $329,687
- EBITDA: N/A
- FF&E: $27,300
- Inventory: $250
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The business was started in 2014, making the business 8 years old.
The deal shall include inventory valued at $250, which is included in the listing price.
The business has 7 employees and is situated in a building with approx. square footage of 1,300 sq ft.
The building is leased by the business for $2,501 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. However, the true factor and the one they say to you may be 2 completely different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in incomes, or a range of other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, but rather, use the seller's solution along with your total due diligence. This will repaint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover items like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new consumers? Most times, companies have repeat consumers, which create the core of their daily revenues. Certain variables such as new competition sprouting up around the area, roadway building, and also personnel turnover can affect repeat clients and negatively influence future earnings. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to build a returning customer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the local average house earnings effect future revenue prospects?