Listing Number: 76931-944067
**Only $15,000 down payment with SBA loan assumption! Business is also ideal for E2 Visa**
This gorgeously built out massage studio and spa was opened in 2017. The current lease is up in March 2022 and even with NNN, the rent is only $3,180 for 1500 ft.². The business has five stunning massage rooms, with one of the rooms built out entirely in tile with a Vichy shower for body scrubs. Vichy showers cost thousands of dollars and are a rare amenity in a spa or salon of this size. The attention to detail in the buildout is unmatched for the type of facility this is.
While the owner currently works full-time performing massages, there are three other employees who work on a commission-based basis (50/50). There is room to add 2-4 part-time massage therapists in addition to 1-2+ full-time therapists. All in all, this is a volume-based business model that is set up to grow significantly, even though revenues and sales are already more than adequate to sustain the business. Annual sales average between $140,000 and $189,000+, with about 30% of revenue being cash. Bottom-line profitability is around 26% of gross sales, so with growth in service sales, the SDE would improve drastically. Three rooms are rented out currently and that revenue covers approximately 2/3 of the rent, so a buyer would have that guaranteed revenue through the year.
All a buyer would need to do is add a few full- or part-time therapists to grow the bottom line. With a new owner who is working to manage the business, growth will be much quicker and easier to achieve. Pricing is currently very low compared to other similar massage businesses, and with slight price increases, annual revenues can be vastly increased. The business is located in a high-traffic and very visible and well-kept strip center in an area that is growing tremendously near Tomball and The Woodlands, Texas.
- Price: $ 105,000
- Down Payment: $45,000
- Sellers Discretionary Earnings: $ 51,944
- Total Sales: $ 189,766
- Location: Harris County, Texas
- Inventory: $ 0
- FF&E: $ 20,000
- Employees: 3
- Year Established: 2017
- Reason for Selling: Focus on Family
- Category: Beauty/Personal Care