Authentic Absentee Branded Massage & Day Spa w/More – 2 Locations

Los Angeles, CA (Los Angeles County)

Seller Financing Available
Authentic Absentee Branded Massage & Day Spa w/More – 2 Locations

Asking Price:$999,000

Cash Flow:$488,728

Gross Revenue:$1,775,164

EBITDA:N/A

FF&E:N/A

Inventory:$3,000*

Established:2011

*not included in asking price.

Authentic Absentee Branded Massage & Day Spa w/More – 2 Locations

Get Financing Save Print Share Valuation Report

Business Description

This absentee operated 2 location authentic first class massage and day spa chain, with additional complementary services offered, is extraordinarily well branded with a loyal client base. The spas, which are located in Los Angeles’ most coveted areas, are designed to provide their clients a truly unique experience that transports them to another world via their authentic decoration, soothing ambiance, seasoned staff (all of whom are independent contractors with stellar experience) and comprehensive total body offering. The day spa’s patrons can truly spoil themselves with several varieties of massage, acupuncture, non-invasive facials, body scrubs, waxing and much more.

Detailed Information

Inventory:
Not included in asking price
Facilities:
Both spas are ideally located in the most coveted locations possible. The 4,500 square foot and 3,000 square foot facilities lease for $10,500 per month and $7,250 per month, with 8.5 years remaining in the former and 4.5 years in the latter location. All of the spa’s furniture, fixtures, equipment, inventory and goodwill are included in the sale (with the exception of a few of the seller's personal decorative items). The spas boast massage spaces that can be used for singles, doubles, or as larger private rooms. The truly serene facilities also offers their fortunate patrons a single or double scrub room, saunas, steam showers and relaxation areas, while technicians have a break room with a washer and dryer.
Competition:
Both locations have enjoyed extraordinary growth and low turnover since its inception which has resulted in a very loyal client base (all of whom are reported to be loyal to the spa as opposed to its technicians). The spa’s unique geographic locations provide each a built-in competitive advantage in their immediate areas, while their ambiance helps to make their offerings (including one location’s additional complementary services) highly experiential for its patrons.
Growth & Expansion:
The absentee run locations will most likely benefit from a full-time owner operator who is a full-time service provider (e.g. masseuse, esthetician, reike or potentially even a yoga teacher – as it may be added) or business manager. While the spas have continued to build a formidable loyal local client base to capitalize on, new owners may seek to launch an aggressive advertising campaign to stay at the top of their past client's minds, to woo historical clients back, as well as to continue to attract local residents that continue to migrate to these highly popular areas.
Financing:
700,000 down, carry 299,000 over 5 years at 7.5% interest
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

Listing Statistics for Premium Members

Ad#:1271963 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld

Find out more...

Get more details about this business.


Similar Listings


Clothes Mentor®

Franchise Opportunity
Capital Required: $225,000