||Employees||1 full, 14 part
* Included in Asking Price
This franchise opened for business over 5 years ago and has steadily grown to 15 employees. A hands-on owner-operator could bring the cash flow more in line with the industry by taking over the day to day management and bringing the payroll costs down, which are higher than average currently to avoid staffing shortages.
There are 7 furnished massage rooms, each equipped with hydraulic tables and table
warmers, cabinets, and chairs. There is an office currently being used for administrative work and file storage.
One of the strongest aspects of having membership business model is recurring monthly revenue. Enjoyed by just a handful of businesses, recurring membership models help foster a steady revenue stream. Even during the pandemic, when similar size businesses were shuttering for good, memberships at many businesses like this were still strong, despite the slowdown from quarantines and social distancing.
The outlook for massage therapy is looking good. Industry revenue growth is projected
to continue at an average rate of 4% per year through 2022. About 19-24% of
American adults had a massage between 2016-2017. And 42% of massage therapists
say they would like to work more hours than they currently do. This business is well positioned to take advantage of the economic recovery efforts in 2021 as well as the
overall upward trend.
Acquiring an existing franchise has many advantages over starting from scratch. If
you were to open a new single-unit as much or more just to open the doors. Furthermore, many studios, including this one, have enjoyed double-digit sales growth for for many years and health and wellness is one of today’s hottest industries, with no signs of cooling down, so this is an excellent opportunity to jump past the start-up phase and focus on growth!
|Facilities:||Full furnished massage rooms, each equipped with hydraulic tables and table warmers, cabinets, and chairs. There is an office currently being used for administrative work and file storage. There is a breakroom with refrigerator, microwave, computers, lockers, and storage. There is also a laundry room with a new washer & dryer that was just replaced in 2020. The studio was also freshly repainted in 2020.|
|Competition:||Franchises and independents. Easy to replicate.|
|Growth Potential:||Recurring revenue, membership models lead to stable, predictable income. Industry poised to grow steadily. Established franchise with growing market share. Well positioned to take advantage of economic recovery in 2021.|
|Training/Support:||Owner and Franchisor training|
|Seller Financing:||Will consider financing for a qualified buyer|
|Sale Reason:||Multiple career interests|
Seller Reference #42316530-JP
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