This is an opportunity to acquire the assets of a privately owned flotation therapy spa located in the Southern Ontario. The business is located steps away from a prime real estate project which is expected to generate an influx of new customers and drive up sales as well as real estate prices in the region. The business has invested in leasehold improvements making this an attractive opportunity for an asset sale. The business offers memberships and one-time float therapy sessions to its clients. Multiple world-class float tanks designed to meet different customer preferences, allow the business to cater to individuals and small groups. In addition, the business also offers massage therapy, meditation sessions and complimentary perks to its clients to enhance customer experience. The business has put a strong focus on building a loyal customer base and strengthening its brand recognition. Going forward the business will require low capital expenditure and profitability is expected to increase exponentially.
While spa treatment has been in practice for years, the flotation therapy concept is new and is in its growth stage. Over the last decade, we have seen a growing trend in expenditure on personal health and wellness. This is mainly driven by an increase in wealth and disposable income and an increase in mental health awareness. Going forward, as the discretionary spending increases and the lifestyle trend continues, consumers are bound to increase spending on experiences like spa treatment and therapy. This will generate tailwinds for the industry leading to strong growth over the next decade.
This is an excellent turn-key opportunity for a private buyer, seeking to acquire an easy-to-run business. Since the business has already invested in leasehold improvements and infrastructure, a new owner will be able to capitalize on future growth.
Asset Sale: $150,000
Fair Market Value of Equipment: $47,500
Net Book Value of Leasehold Improvements: $210,000
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