Business Overview

This is a well established, massage clinic with a spa like setting. Offering an unmatched level of service with an abundance of positive online reviews. This is proven with a 70% repeat clientele. Strong rebound from Covid.

It is also SBA pre-qualified, allowing you to purchase with as little as 10% down.

Also offering float therapy and infrared sauna therapy, which has set them apart from any local competitor.

Listing also includes the real estate, which was recently remodeled and fitted out to the tune of about $90k. FF&E is also included with an approx value of $55k.

Technology included which offers online /mobile booking, and gift cards.

Unlimited growth because of their services offering. Including everything from chronic pain, athletic injuries, anxiety, inability to sleep, and simply relaxation and pampering. Always a waiting list. Adding additional therapists will garner immediate growth.

Financial

  • Asking Price: $598,000
  • Cash Flow: N/A
  • Gross Revenue: $474,000
  • EBITDA: $141,000
  • FF&E: $55,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Newly remodeled, beautiful clinic.

Is Support & Training Included:

Owners will ensure a successful transition, including staying onboard as a Massage Therapist up to one year.

Additional Info

The business was started in 2003, making the business 19 years old.

The company has 13 employees and resides in a building with disclosed square footage of 2,500 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. However, the real reason vs the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is really vital that you not rely absolutely on a vendor's word, yet rather, make use of the seller's answer in conjunction with your general due diligence. This will paint an extra sensible picture of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new customers? Many times, operating businesses have repeat customers, which develop the core of their everyday earnings. Certain variables such as brand-new competition growing up around the area, roadway construction, and employee turn over can influence repeat consumers and also adversely impact future profits. One vital point to take into consideration is the location 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 general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the neighborhood median family earnings influence future income potential?