Rapidly Growing Spa with Massage Therapy and Yoga

Saint Louis, MO (Saint Louis City County)

Rapidly Growing Spa with Massage Therapy and Yoga
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Asking Price: $35,000

Cash Flow: N/A

Gross Revenue: $120,000

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Established: 2017

Rapidly Growing Spa with Massage Therapy and Yoga

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Business Description

Rapidly Growing Massage and Yoga Spa Fro

The Downtown Spa recently completed an expansion going from 2 treatment rooms to 6 rooms (including a couples room) a 1,500 s.f. yoga studio, a professional lobby, and a relaxation room. We increased appointments more than 70% in 2 months (from October 2018 to December 2018) and could have done many more appointments if we were prepared with more therapists and availability. This business has only scratched the surface of potential. Hiring additional therapists and adding yoga classes is needed to bring the business to the next level.

Detailed Information

Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Renovation and expansion just completed at the end of 2018. We now have 6 rooms (including a couples room) a beautiful, large yoga studio with tons of natural lights; a beautiful professional lobby, a relaxation room that has not yet been decorated and opened, and a mezzanine that is being rented out to estheticians. The space is beautiful and elegant and has plants throughout.
Competition:
The only other massage spa in Downtown Saint Louis to my knowledge is The Four Seasons. There are other massage therapy businesses in St. Louis City but there are barriers to entry as a difficult petition process is required to open.
Growth & Expansion:
We went from 326 website users and 109 appointments booked in October, 2018 to 1,200 website users and 151 appointments booked in November to 2100 website users and 192 appointments booked in December. There is a ton of room for growth if more massage therapists are hired and more yoga classes are offered. We could have done 250 or more appointments in December if we were prepared with enough availability. We've only scratched the surface on the business potential here. Hiring additional therapists will help and so will adding product to sell.
Support & Training:
Will provide for several months of training and support.
Reason for Selling:
Don't have the time and would like to allocate capital on other projects.
Business Website:
http://www.DowntownSpaSTL.com
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Business Listed By:
Ben Riley

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