Franchised Spa

Howard County, MD (Relocatable)

Franchised Spa

Asking Price:$2,250,000

Cash Flow:$573,640

Gross Revenue:$2,164,328

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2007

Franchised Spa

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Business Description

Franchised Spa

Well established Franchise Business with over 2,000 members. Annual revenue
approximately $2.5 Million with new lines available for additional growth.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
10 FT / 25 PT
Facilities:
Location is a shopping center across the street from a Major Retailer and directly behind the retailers associated gas station.
Competition:
Main competition has been other related Spa locations.
Growth & Expansion:
There has just been a system wide increase for the basic monthly massage membership dues from $59 to $69. This will show up in the fourth quarter of 2016. Additionally, over the past few years new locations have opened in the area. Since members can move their memberships from location to location, this more established location has had to expense pre-paid memberships as they were transferred to other locations. This has slowed significantly and should not impact the bottom line nearly as much in the future.
Financing:
Other Financing
Support & Training:
Will train for 2 weeks/$4,000 cost.
Reason for Selling:
Retirement.
Franchise:
This business is an established franchise

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Murphy Business

Business Listed By:
Murphy Business

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The Georgia Association of Business Brokers (GABB).

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