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Massage Salons - 3 Locations
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1200000
Net Profit / Cash Flow $400000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 50 - 99
Inventory 10000
Relocatable Yes
Number of Employees 50 - 99
Real Estate Leased
Training Yes.
Reason for Sale Owner wants to relocate.
Description This is a very successful, stable CASH BUSINESS with year-round revenues. The financial controls have been finely tuned over the years to make the business very easy to manage hands-off, with little or no interference. All business is by appointment only. This multi location massage business has managed to build a well known brand name and a profitable and highly scaleable operation off of a very simple business model. The owner has created a business that offers top quality massage services at reasonable prices, yet allows the company s low cost structure to generate a highly profitable volume of business. This cash heavy operation (100% of sales are in cash) is ideal for a seasoned marketer or industry veteran, yet is simple enough for a first time entrepreneur. All Massage Practitioners are Certified Masseurs or Reiki specialists, and new independent contract employees are attracted mainly by referral. The business will generate profits from day one! Rents on all locations are low, and leases can be taken over. Re-location is no problem.
Facilities: The company has four different locations in the city, one is used as an office & interview location, and there are three smaller Spa locations in mid-town and the Financial district. All of this company s assets will transfer in the sale, including its furniture, fixtures and equipment (primarily massage beds with some esthetician and office equipment). Naturally, the company's intangible assets - including its goodwill, websites, phone numbers, business processes, etc. - will transfer as well.
Market Outlook:
Competition: This is the only Massage Spa in it's niche market, catering to a database of over 3,000 regular high-end customers, mainly by referral. Four different Websites are used to facilitate bookings and expand the customer base.
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