Sold
Recurring Income in Massage Services
Significant portions of total revenue in recurring income from monthly memberships make this business, operating with a full-time manager in place, a great investment or add-on to an existing operation.
The original facility is capable of accommodating higher customer service numbers and scaling growth without incurring major facility improvements.
The business realizes 640 members which translate to a recurring revenue stream of $44,800/MO or $537,600 per year. 300 of those membership totals have been members in excess of three years. Membership fees range from $70 to $100 per month.
2018 revenues forecast: $827,951.
2018 forecast SDE: $123,727.
Listed By: Margot Murphy
Background information
Reference:
1782338-MM
Year established:
2009
Reason selling:
Retirement
Finance
Sales:
$787,571
Profits:
$93,096
Profit type:
Discretionary Earnings
Operations
Employees:
See Confidential Business Review
Equipment:
See package of information post-NDA
Inventory:
$4,000 in current inventory of highest quality spa and massage products.
Premises
Facility:
The Company’s facility totals 3,200 square feet. It includes 11 treatments rooms, reception area and retail product display area, employee break area, two restrooms, laundry with washer/dryer and back business office.
Square footage:
3200 SF
Rent and lease terms:
$10,146/MO beginning 10/2018 NNN
Location:
SAME, PRIME, COMMERCIAL LOCATION SINCE 2009! This is not a franchise.
Price and terms
Price:
$229,000
Down payment:
$229,000
Training:
Owners will train to ensure continued operations continuity and success.