Massage & SPA in Austin TX over 3500 massages per year with 7000 customers

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Brand new Massage & SPA purpose built studio with revenue potential over $750k per year
Asking Price:
$65,000

Gross Revenue:
$165,000
Cash Flow:
$30,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$60,000
included in asking price

FF&E:
$25,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

ReVital Massage and Spa opened in 2014 as an owner operated studio in Austin Texas. Over the past four years, ReVital Massage has served over 7000 customers and grossed approximately $500k in sales. In 2018 ReVital performed 3,500 massages & facials. Using a combination of Direct Sales, Groupon, Web Presence and Social Media, sales have grown to over $175,000 per year from the original studio. Today ReVital Massage has six therapists and several part-time front office employees. In September of 2018, the owners invested 100 thousand dollars moving a few doors down to a larger space in the same shopping center. This investment enabled a brand-new modern space customized for a Massage/Spa while adding room capacity. The Studio space includes six large rooms for therapy, a large laundry/storage, and break area, Front office, and reception, one bathroom. We have personalized and positioned the business for continued growth over the next decade. The Studio comes well furnished and equipped and includes; hydraulic and portable massage tables, 2 chair massage stations, washer, dryer, couch loveseat, chairs, cabinets, microwaves, refrigerator, computers, internet, ipads and iPhones, Samsung wireless speakers all the necessary sheets towels and other supplies necessary for both massages and facials.

About the Business

Location:
Cedar Park, Texas
Year Established:
2015
Number of Employees:
6 PTE
Facilities:
Located in a busy North Austin Strip Mall. Dairy Queen Drive thru is visible from the Front office with high traffic. New Civil Engineering Firm located next door and many other businesses. Location is just 2 miles from the Lakeline Mall and the major intersection of 183N and RM 620. Store-Front is visible from RM 620 a major east-west route with thousands of cars passing daily. Street Signage and a Large Store Sign is on the front entrance. A traffic light is located at the entrance to the strip mall giving it easy access.
Website:
https://www.revital-massage.com/
Market Outlook/
Competition:
`There are two Massage studios in the immediate area. Massage Haven and Elements Massage. Both are within 5 miles. Massage Haven is a very high volume, high turn-over business with over 28 rooms. We offer a differentiated experience with our personalized SPA and 60 minute Hands on experience. In addition, a big seller is couples massage where we have a large room that sells out regularly.
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About the Sale

Reason For Selling:
My wife and I are 62 and ready to move on to the next chapter of our lives
Training/Support:
We have a lead office manager and therapist that is willing to stay on for 3 months and possibly more. Owners include my wife who will train on all aspects of operations, myself as an advisor
Gross Revenue
Comments:
Average sales $15,000 per month
Seller Financing:
We will consider partial owner financing

Listing Info

Keywords:
Massage, SPA, Facials, Lifestyle, Health, massage therapy, microabrasion, studio, Austin, Health, mindful, relax, refresh, unwind, profit, chemical peels
ID:
1448258
Ad Detail Views:
0

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Business Listed by
Barry Hutt

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