Profitable Therapeutic Massage Business

Essex County, NJ

Profitable Therapeutic Massage Business

Asking Price:$395,000

Cash Flow:$209,000

Gross Revenue:$802,000

EBITDA:N/A

FF&E:$39,426

Inventory:$3,000*

Rate/Sq. Ft.:$30.60

Established:2012

*not included in asking price.

Profitable Therapeutic Massage Business

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Business Description

Top performer in local franchise system.

This is the top performing location within the franchise group in New Jersey and ranks among the top performers within the entire system.

They offer the full range of services from light Swedish massage to sports and deep muscle massage. Specialty massages include pre-natal, hot stone and aromatherapy. The staff is very stable and the therapists are experienced in the numerous modalities offered. They have built an excellent reputation within the community. Ready to sell at a low multiple of only 2x earnings.This is a confidential sale. Please contact me for an NDA to get additional information.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
3,235
Lease Expiration:
11/1/2028
Employees:
1 FT 26 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located on a heavily traveled county road in one of the wealthiest towns in Essex County. The rent is $5936 per month for 3235 square feet on two floors. Has 9 rooms (2 of which are couples rooms) The lease has 2 years remaining and 2 five year options Competition:
Competition:
There are several competitors in town, but they are only a fraction of the size of this business for both clients and capacity.
Growth & Expansion:
There is a large concentration of high income, health conscious households in this town who frequent a variety of wellness businesses such as full service gyms,fitness studios, alternative medicine practices, chiropractors and other similar complimentary businesses. There are unlimited possibilities to cross market within this health conscious community.
Support & Training:
Franchisor will provide training at their home office.
Reason for Selling:
Seller recruited back to his prior line of work

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Marc Lazarus

Business Listed By:
Marc Lazarus

Transworld Advisors

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