71218-Therapeutic Massage Franchise in Western Washington

WA

71218-Therapeutic Massage Franchise in Western Washington

Asking Price:$499,000

Cash Flow:$98,000

Gross Revenue:$783,000

EBITDA:N/A

FF&E:N/A

Inventory:$5,000

Rate/Sq. Ft.:N/A

Established:2008

71218-Therapeutic Massage Franchise in Western Washington

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Business Description

Located near the Seattle, Washington Metropolitan, this therapeutic massage franchise is part of a national franchise specializing in holistic health services. The franchise has special financing relationships with banks who are eager to finance the sale for up to 10 years with 10-15% down. Primary services include various types of massage with aromatherapy. Add-on services are available to aid in physical athletic recovery, relaxation and pain treatment of their customers. In addition, some of the retail products sold include body scrubs, body butters and fragrant botanical candles. The company operates from leased facility with great foot traffic from one of the state's largest gyms, this exclusive relationship has led to record growth since their inception. They have a daily wait list of customers wanting services. With seven rooms, this facility could accommodate 85 customers daily when fully staffed. Revenues can easily be increased with additional LMP's (Licensed Massage Practitioners).

Established in 2008, the company has a proven track record, supported by a loyal and enthusiastic customer base. With minimal marketing efforts, this business continues to attract new customers while maintaining its reputation with existing ones. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule if desired. The current owner is approaching retirement. With over 16,000 contacts in the database, 75% of revenue comes from membership dues. This very stable source of income eliminates revenue fluctuation and creates easy revenue projections. Contact IAG today!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
15
Facilities:
The leased 1,950 square foot facility features a reception area, seven massage rooms, back room or break room and a laundry room to wash towels and linens. Relocation is not recommended.
Support & Training:
While the owners are approaching retirement, the rest of the staff including leading manager will most likely be willing to stay on after the sale.
Reason for Selling:
Other interests

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