Profitable Absentee Run Boutique Spa & Massage Therapy $1.6M Gross Rec

Los Angeles, CA (Los Angeles County)

Seller Financing Available
Absentee Owned LA Spa for Sale
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Asking Price: $395,000

Cash Flow: $158,154

Gross Revenue: $1,648,007

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $14,250 /Month

Established: 1988

Profitable Absentee Run Boutique Spa & Massage Therapy $1.6M Gross Rec

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Business Description

Fully Absentee Run Boutique Spa. Great Small Business Investment Opportunity

Absentee Run top rated Boutique Spa established nearly 31 years provides high quality massage therapy and skin care services to LA and surrounding area patrons. $1,6 million gross receipts, $158,154 DE (Absentee Earnings) $201,154 DE (Owner Operated) Asking $395,000. The business is currently absentee owned with a general manager running day to day operations and 28 top massage and skin care professionals. A new owner could maintain the same absentee operations or invest more time in the business if they were interested in growing and optimizing the business further.

The business is ranked at the top for Google and Yelp search results and has more than 200 Yelp reviews with a 4.5 Star rating.

* $1.6 million gross receipts (2018)
* $158,154 Discretionary Earnings (absentee, 2018)
* $201,154 Discretionary Earnings (if owner-operated)
* Asking $395,000 (Seller will consider a seller note)
* 27 Experienced Massage Therapists plus 1 Esthetician
* General Manager, full time, runs day to day operations
* Reception/Front Desk Manager & Staff
* Bookkeeper (part time) handles invoices, bill payment, books, payroll, etc

The General Manager is responsible for all day to day operations and the front desk staff greet clients, handle retail sales, appointments, and guest services. The owner is able to oversee the business remotely from home in about 30 minutes a day. The company has a part time bookkeeper that handles invoices, payments, books, payroll etc.

The Spa has consistently attracted the top massage and skin care professionals in Southern California, who own and operate their practices at its location.The Massage Therapists and Esthetician are licensed practitioners and contract with the company which provides the treatment rooms, reception services, and separate men’s and women’s locker rooms for their clients.

Thousands of the practitioner's clients visit the business each year and many participate in the monthly membership program which results in recurring monthly revenue.

All marketing is done online with the exception of an annual mailer sent to appx 5,000 people who have visited the Center relatively recently within the last 12 or 18 months and word-of-mouth. There is no Google pay per click ads in place all search results are captured through organic searches with minimal SEO efforts.

The Boutique Spa has multiple quiet, well-appointed treatment rooms and separate men's and women's locker facilities with showers and high-end amenities.

* Approximately 3,383 sq feet total; 2,500 sq ft reception and treatment rooms, approx 850 sq ft offices and therapist lounge.
* 9 Treatment rooms, 8 for massage, 1 for Esthetician
* 13 reserved parking spaces, free 2 hour parking
* Women’s locker room: 16 lockers with 2 showers
* Men’s locker room: 12 lockers with 2 showers
* Men’s and Women’s Steam Rooms with Eucalyptus infusers

The seller has another business that requires their full time involvement and wishes to focus on this business. The business is absentee-run and the full-time manager will stay in place as wanted to ensure a seamless transition.

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Leased
Building SF:
3,300
Lease Expiration:
4/1/2024
Employees:
27 Therp. 1 Esth
Facilities:
he Boutique Spa has multiple quiet, well-appointed treatment rooms and separate men's and women's locker facilities with showers and high-end amenities. * Approximately 3,383 sq feet total; 2,500 sq ft reception and treatment rooms, approx 850 sq ft offices and therapist lounge. * 9 Treatment rooms, 8 for massage, 1 for Esthetician * 13 reserved parking spaces, free 2 hour parking * Women’s locker room: 16 lockers with 2 showers * Men’s locker room: 12 lockers with 2 showers * Men’s and Women’s Steam Rooms with Eucalyptus infusers
Financing:
$50K note terms negotiable
Support & Training:
Seller & General Manager will train new buyer. Current owner spends approximately 30 minutes a day remotely overseeing the business remotely and will train the new owner for four weeks to do the same. Can also be available as needed for additional consulting post-purchase.
Reason for Selling:
The seller has another business that requires their full time involvement
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Contact the Seller

(from currently available funds)
 
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Bill Grunau

Business Listed By:
Bill Grunau

Pacific Business Sales

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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 California Association of Business Brokers (CABB).

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