Elegant State of the Art Spa in Prime Austin Location

Austin, TX (Travis County)

Seller Financing Available
9 specialty massage styles offered
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Asking Price: Get Financing: $75,000

Cash Flow: $60,000

Gross Revenue: $360,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $3.32 /SF/Month

Established: 2013

Elegant State of the Art Spa in Prime Austin Location

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Business Description

This state of the art spa is a leading provider of message therapy specializing in Swedish and deep tissue massages.

- The spa facility was fully renovated in 2014 to become a state of the art spa.

- The spa features elegant massage suites perfect for solo or couple massages and showering facilities.

- Nine specialty message styles are currently offered, all of which are tailored to the individual.

- The customer base is 70% women and 30% men.

- The spa has a strong marketing presence on the Internet via social media and SEO.

- The spa's location offers excellent growth opportunities.

Detailed Information

Real Estate:
Leased
Building SF:
1,350
Lease Expiration:
4/1/2019
Employees:
13
Facilities:
The facility had a major renovation in 2014 to build out elegant massage suites perfect for solo or couple massages and to add showering facilities.
Competition:
The message spa industry is very fragmented and spas range in size and quality of service. This spa offers a variety of professional quality massages by licensed massage therapists at a great value, as demonstrated by online customer reviews and ratings. Central location to a growing residential presence in downtown Austin and easy access to West Austin neighborhoods offers excellent growth opportunities.
Growth & Expansion:
Pros: The outlook for continued year over year earnings growth is positive by maintaining and expanding the current marketing strategy and adding additional services (i.e. licensed acupuncture). Cons: Because of the low barrier to entry, top revenue companies in the sector become market leaders with an M&A strategy, due to industry fragmentation.
Financing:
On strong price & terms up to 10%
Support & Training:
Seller is dedicated to a meaningful transition period of up to 60 days for training, to ensure optimal succession.
Reason for Selling:
Personal health issues and ageing parent care.
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Contact the Seller

(from currently available funds)
 
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Mark Eiland

Business Listed By:
Mark Eiland

TMV Business Group / A Riverbend Company

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Sponsoring Broker:
Carl J. Mehlman

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