Business Overview

Whether you are an athlete who needs to recover from a sports injury, someone with arthritis or chronic pain, or just want a mental and physical regeneration, we are here for you. Whole Body Cryotherapy has been gaining recognition in the United States for the last few years, but Impact Cryotherapy has taken it to the next level. With the Impact Cryotherapy Sauna we can replicate your treatment every time, giving you the exact treatment as the time before.

Trailing 12 months profit is $30,427. Advertised cash flow of $44,599 is for 2019. Owner works 40 hours a week and is willing to stay on to hire and train a manager. Possible to run this business absentee, labor is unskilled. Operationally this is similar to a tanning salon. Many customers are on a membership plan.

Financial

  • Asking Price: $49,000
  • Cash Flow: $44,599
  • Gross Revenue: $118,320
  • EBITDA: N/A
  • FF&E: $110,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,242
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Retiring

Pros and Cons:

Cryotherapy business is experiencing rapid growth and the market segment is largely driven by independent clinics with estimated 64% of the market while the remaining 36% is divided between Chiropractic Medicine and Physical Therapy companies. With the populace seeking alternative treatment for injury recovery, rehabilitation, sports medicine, weight loss, and general health and wellness there is a high demand for Cryotherapy treatment centers. Cryotherapy business is booming and over the next 8-10 years it is expected to take 8-11 % market share of what will be a multi trillion dollar Health and Wellness industry by year 2022. Cryotherapy businesses are expected to produce huge ROI over this time of growth.

Opportunities and Growth:

The global cryotherapy market was valued at USD 2.5 billion in 2015 and is expected to reach a value of USD 5.6 billion by 2024. This growth is majorly attributed to the rising demand for minimally invasive procedures and the surging prevalence of skin, retinoblastoma, prostate, and cervical cancer, and others. Minimally invasive cryosurgery provides various advantages over conventional surgery such as less pain, fewer scars and complications, and shorter hospital stay.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2016, making the business 6 years old.

The company has 1 employees and resides in a building with approx. square footage of 1,242 sq ft.
The building is leased by the business for $1,188 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell operating businesses. However, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a range of other reasons. This is why it is very essential that you not depend entirely on a vendor's word, but rather, utilize the vendor's response together 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 entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that revenue margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new customers? Often times, businesses have repeat consumers, which create the core of their day-to-day revenues. Specific elements such as new competitors growing up around the location, road building and construction, as well as personnel turnover can affect repeat clients and also adversely affect future revenues. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the higher the possibility to construct a returning client base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the regional average house income impact future revenue potential?