Manhattan Spa and Wellness Center
Location: New York > New York County > Manhattan
Industry: Personal > Other Personal Prod. and Services
Financials
Asking Price: $850,000
Gross Revenue: $950,000
Cash Flow: $270,000
Inventory: $1,000 (Included in Asking Price)
FF&E: $400,000 (Included in Asking Price)
Seller Financing: Available to the right buyer
Business Summary
This well established Massage Therapy, Spa and Wellness Center is a true sanctuary for therapeutic and relaxation massages in the city. Previously located for 11 years in two rooms in an office building, the business expanded both its space and menu two years ago to an amazing ground floor facility and in this short period has reached annual sales of over 950k. The Center specializes in a number of targeted therapeutic and healing massage styles - including Swedish, Deep Tissue, Medical, Craniosacral, Shiatsu, Hot Stone, Prenatal and Sports massages, in addition to individual and couples relaxation massages and facial treatments - all complimented with a sauna, steam room and Jacuzzi. The dedicated warm and welcoming staff of independent contractors tailors each session to the client's immediate needs, working towards pain relief, prevention and relaxation. The business received numerous positive feedbacks on various online publications and appeared in many New York City magazine articles. Large repeat customer base with high satisfaction rate. The facility is huge 5,000 sqft, yet the owners were able to create a cozy, relaxing and tranquil ambience throughout the facility. The d cor is a remarkable blend of far and middle east themes and the attention the owner has put into every detail is clearly noticeable as the owner has invested over 400k in the build out. The ground floor includes a reception area, and houses two large studios, and two bathrooms. Downstairs is a warm waiting lounge, five treatment rooms, men s and women s locker and shower areas, sauna, steam room, a six-person Jacuzzi, a laundry room with washer and dryer. Separate climate control for upstairs and downstairs. Long term lease and very low rent for a facility of this size $10,000 a month make this a true winner.
About the Business
Year Established: 1994
Employees: 11 full time - 11 part time
About the Sale
Management Training and Support: Seller will ensure a smooth transition
Reason For Selling: other business interests

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Listing Tools
BizQuest ID:840977
Business Listed By
Name:Donn Hyman
Company:Dynamic Business Brokers
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