Successful &amp; Established Turnkey Business in Farmington NM
Asking Price: $225,000 Gross Revenue: $812,793Cash Flow: $127,472 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $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, and over $225,000 in leasehold improvements. The staff and systems are in place to support your continued success. The general manager who is responsible for all the day-to-day operations currently earns an annual salary of $50,000.
Since 2002, Massage Envy’s affordable-membership model has propelled the chain and its eye-catching storefront spas to 1,200 U.S. locations. The national membership base numbers over 1.5 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. Forbes ranks it the #10 Best Franchise to Buy in its 2018 rankings.
Seller is offering to cover the franchise transfer fee for a qualified buyer. Franchise requirements include $150,000 cash on hand with a minimum net worth of $500,000.
About the Business
Number of Employees:
14 FT, 7 PT
Building Sq. Ft.:
$1.65 Per Month
3,600 SF suite located at Farmington’s Four Corners Marketplace shopping center next to Albertsons.
NEW PRICE - Massage Envy Franchise in the Four Corners Area
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