Listing ID: 81005
A great opportunity for the right buyer to purchase a sauna and cryotherapy studio. The studio has increased revenue by 54% from 2020 to 2021 and profitability by 39%. This business continues to grow through pandemic and all, thanks to the help of
top-of-the-line equipment and a strong customer base. This business focuses on cutting edge services to produce results that make people leave feeling better after every visit. These services include cryotherapy and sauna. Sauna therapy burns calories, removes stress, relieves pain, increases energy and detoxifies the body. For quickest response to your inquiry, please call listing broker Larry Goldstein (RE# S.0188852; Business Broker Permit# BUSB.0007059) at 702-546-8844 or email email@example.com.
- Asking Price: $299,000
- Cash Flow: $67,747
- Gross Revenue: $251,810
- EBITDA: N/A
- FF&E: $78,300
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,510
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1510 square feet with a Total Monthly Rent of $3,575.88. Lease ends 5/2023 with one, five year option. Seller is active with 3 part time employees. Hours of operation are Monday - Friday 10am - 8pm, Saturday and Sunday 10am - 7pm. $3,000 in Inventory and $78,300 in FF&E included in Asking Price. $30,000 made in Leasehold Improvements.
Other businesses require attention
The venture was started in 2016, making the business 6 years old.
The transaction will include inventory valued at $3,000, which is included in the asking price.
The company has 3 employees and is situated in a building with estimated square footage of 1,510 sq ft.
The property is leased by the business for $3,575.88 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nevertheless, the true reason and the one they tell you may be 2 entirely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other factors. This is why it is very crucial that you not depend entirely on a seller's word, however instead, use the vendor's answer in conjunction with your general due diligence. This will repaint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Most times, companies have repeat customers, which create the core of their day-to-day profits. Specific elements such as new competitors sprouting up around the location, roadway building, and also employee turnover can influence repeat clients and also negatively influence future earnings. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the possibility to construct a returning client base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional mean household earnings influence future earnings prospects?