Seller's Contact Information
- RE: Wellness Spa Facility. Large Client Base. Just Flo
- Contact: Dan Higgins
- License #: 01484102
Quick Facts
Asking Price: | $250,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $330,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2017 | |
Employees: | 4 | |
BBN Listing #: | 344811895 | |
Broker Reference #: | BIZEX1406-DH |
Business Overview:
The business is now closed and being offered for $250,000. This was The World's Largest and Most Luxurious Floatation Therapy center located in Pasadena, CA.
One of a kind, state-of-the-art, 21st-century luxury wellness center is priced aggressively for less than a quarter of the original buildout cost!
The facility is immaculate and the equipment is well maintained. There are 10 individual float rooms with private showers and changing areas. No renovation or upgrade investments necessary for immediate future. Tours can be arranged. Past financials can be analyzed.
They had over 300 members, and were profitable but covid and partner issues were too much to overcome.
Revenue History was:
2019. $1,171,000
2020. $515,000
2021. $647,000
2022. $681,000
Utilization rate was only 30%. Increases in utilization increase profit margins exponentially as variable costs are very low for each new float.
Floatation Therapy is being used by most professional sports teams and is growing in popularity. Insurance coverage like that for massage, acupuncture, or gym memberships is expected industry-wide to cover it within several years.
Offers will need to be all up front cash and close by 9/1/23.
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Reason for Selling:
Other Opportunities for Partners.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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