2021 Will Be A Great Year! Massage Franchise Ready

Not Disclosed, OH
Lake County

high traffic location with great demographics

Asking Price: Annual Revenue:
$175,000 $579,154

Services: Hair, Nails, Spas, Tanning

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RE: 2021 Will Be A Great Year! Massage Franchise Ready Broker: Mike Funaro

Quick Facts

Asking Price: $175,000
Annual Revenue: $579,154
Net Profit: Not Disclosed
Cash Flow: $18,332
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 16
BBN Listing #: 51849704
Broker Reference #: MassOhio

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Business Overview:

Current owners live in another state and opened this location in 2019 thinking that the business could be run easily as absentee owners. The baseline business is in place and ideally set up for a local owner operator to take it all the way.
This spa franchise location is in one of the highest growth and most affluent communities in the area. This business is fully staffed and beautifully equipped for continued growth. Online reviews are exceptional and a loyal clientele is in place.
A new owner/operator can dramatically drive higher sales through more local community involvement and additional training in the area of membership sales.
The business currently has over 350 active "members" in place (goal is 600 members)with EFT providing a solid recurring revenue stream.

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Property Features and Assets:

This is a beautifully equipped franchise spa with 7 treatment rooms all equipped and in use. The business has been fully modified to adapt to COVID requirements, policies and procedures.

Market Competition and Expansion:

While this is a competitive industry and marketplace, this franchise model provides a variety of massage therapy modalities to their clients who are primarily seeking pain relief, stress reduction and an overall wellness benefit. The consumer need is big - most Americans suffer from back pain, other muscle pain and routine stress, which are the primary reasons people seek their first massage. Continued growth of the membership base is expected as the market continues to grow and needs increase. Providing additional services offered through the franchisor programs and training will create additional revenue streams.

Reason for Selling:

Other interests out of state

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 a franchise resale opportunity.

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