LA 350+ Member Wellness Therapy Facility. High-end

Pasadena, CA
Los Angeles County

Asking Price: Annual Revenue:
$959,000 $1,100,000

Retail: Health, Beauty, Nutrition

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RE: LA 350+ Member Wellness Therapy Facility. High-end Broker: Dan Higgins
License #: 01484102

Quick Facts

Asking Price: $959,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: $250,000
Total Debt: Not Disclosed
FF&E: $330,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 4
BBN Listing #: 344811895
Broker Reference #: BizEx1406-DH

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Business Overview:

One of the World's Largest and Most Luxurious Floatation Therapy centers offered for sale in affluent area of LA County, CA

A state-of-the-art, 21st-century luxury wellness center is priced aggressively for less than the original buildout cost! Owner loves the business, but has new business and family commitments that necessitate the sale.

With over 350 members, a large facility and private float rooms, this business remained profitable during covid. The operation currently runs at a 35% profit margin at a 30% utilization rate. Increases in utilization increase profit margins exponentially as variable costs are very low for each new float. Growth efforts will have a very high ROI.

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.

Management and staff are professional, well trained, and willing to stay for new ownership, making this a turnkey situation. Equipment is well maintained and recently updated. No renovation or upgrade investments necessary for immediate future.

This business has solid, well organized financials and is SBA Pre-Approved. All Offers will require Proof of Funds and/or SBA Buyer Approval.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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