Upscale Massage Salons - 3 locations in Manhattan-Price Reduced!
Location: New York > New York County > Manhattan
Industry: Personal > Other Personal Prod. and Services
Financials
Asking Price: $450,000
Gross Revenue: $1,200,000
Gross Revenue Comments: CASH ONLY
Cash Flow: $400,000
Inventory: $1,000 (Included in Asking Price)
FF&E: $10,000 (Included in Asking Price)
Seller Financing: $300,000 minimum deposit required.
Business Summary
Summary 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 reasobale 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.
General Information
Year Established: 2002
Employees: 1ft, 60 -70pt
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.
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 reasobale 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.
General Information
Year Established: 2002
Employees: 1ft, 60 -70pt
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.
About the Business
Year Established: 2002
Employees: 60 part time
Relocatable: Yes
Facilities: There are four locations in the city, one used as an office, and 3 as salons, each with waiting room and rooms with massage beds, etc.
Market Outlook and Competition: Market Outlook Competition: This is the only Massage Spa in it's niche market, catering to a database of over 3000 regular high-end customers, mainly by referral. Four different Websites are used to facilitate bookings and expand the customer base. Growth and Expansion: Opportunities exist to increase profitability in several areas, by cost reduction or business expansion. Expansion can easily be achieved by improved marketing or additional premises & services. This is a perfect High Income, Low Overhead, low risk business. New management will likely expand the successful concept to additional locations throughout Manhattan, neighboring counties, or adjacent states; they may even license and/or franchise the name, business model and concept. Management may also seek to increase marketing day spa services,or expand the services via body wraps, luminaire style facials, airbrush tanning, or more advanced esthetician techniques such as peels.
About the Sale
Management Training and Support: Owner will assist in transfer of business
Reason For Selling: Owner wants to relocate to warmer climate
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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