Successful &amp; Established Turnkey Business in Farmington NM
Asking Price: $275,000 Gross Revenue: $861,353Cash Flow: $120,259EBITDA: $70,407Inventory: $5,000 included in asking priceFF&E: $89,494 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This turnkey Massage Envy clinic enjoys a high-traffic location in Farmington, New Mexico’s premier shopping center. New owners will inherit strong recurring income, a known presence in the local market, over $225,000 in leasehold improvements, and a staff and systems that will support your ongoing success. This well-managed operation is supported by a manager who earns an annual salary of $45,000.
Over the past 15 years Massage Envy’s affordable-membership model has propelled the chain and its eye-catching storefront spas to over 1,100 U.S. locations. The national membership base numbers over 1.6 million people.
The franchise offers a variety of massage, facial and skin care treatments in the rapidly growing wellness industry. The chain has claimed nearly 50 percent of the franchised day-spa market.
Seller is offering to cover the franchise transfer fee for a qualified buyer. Terms and conditions to be negotiated. Franchise requirements include $150,000 cash on hand with a minimum net work of $500,000.
About the Business
Number of Employees:
14 FT, 11 PT
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
3,600 SF suite located at Farmington’s Four Corners Marketplace shopping center next to Albertsons.
Massage Envy is the market leader with more than a decade of success and an innovative business model. Competition at this size and scale in the local market is limited
Growth & Expansion:
A new owner who works full-time in the business can expect to earn $120,000 or more based on the business’ 2017 financial performance. This is a great opportunity to own an established, turnkey clinic or become a multifranchisee. The parent company’s robust marketing and advertising program helps drive new memberships.
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. See our
full Terms & Conditions.