UNDER AGREEMENT Day Spa/Massage SBA financing pre-approved #15503

Hampshire County, MA

Seller Financing Available
UNDER AGREEMENT Day Spa/Massage SBA financing pre-approved #15503
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Asking Price: Get Financing: $750,000

Cash Flow: $285,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: $100,000

Inventory: $2,500*

Real Estate: $650,000*

Established: 2007

*not included in asking price.

UNDER AGREEMENT Day Spa/Massage SBA financing pre-approved #15503

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Business Description

This beautiful, turn-key massage & wellness facility offers their well-established clientele numerous treatments to choose from. Infrared saunas, steam showers, hot tubs private treatment rooms all in a comforting location with parking. Current staff includes 6 customer service employees as well as 15 licensed massage therapists.

Excellent, profitable opportunity for a practitioner owner / operator or a cooperative group.

Take 6-figure income while quickly paying down debt!

Owner wishes to retire / Real Estate available if desired

May consider some owner- financing for a well qualified buyer.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,720
Employees:
FT-4; PT-5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is located in an attractive brick building on a main road in Western MA. The building consists of 2,720 sf, including 2,400 main floor and a usable outside slab extension of 320 sf. In addition, the building includes a partially finished basement area of another 2,080 sf that could be easily converted. In total, there has been almost $400,000 spent on upgrades and improvements. Of note, there has been major overhauls such as completely new HVAC, electrical, roof replacement (2011), and plumbing (water heater, on-demand systems, bathroom additions, etc.
Competition:
Few offer the palate of services available from this business: therapeutic spa, massage, & hot tubs. None have the long standing (10 yr) reputation for cleanliness, professionalism and overall quality. Continuation of the current mode will provide future results that are equal to or likely better than history.
Growth & Expansion:
A great Two-Phase expansion could be planned: Phase 1- hours could be extended; $2456/week or $128,180/yr in additional sales. Phase 2- develop the 2,400 sf on the second floor into additional treatment rooms, wellness/yoga space or "medi-spa" facility. Obviously, this has as its intrinsic value of doubling of sales, assuming the demand for services can be solicited.
Financing:
Possibly some seller financing for a well qualified buyer
Support & Training:
Seller supports full training to aid in a smooth transition.
Reason for Selling:
Retirement
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Contact the Seller

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Christopher George, CBOA

Business Listed By:
Christopher R. George

George & Company/CentralBrokers

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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.


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