Business Overview:
Founded in 2005 by the Seller, this business has steadily grown from a Solo Practice and into a thriving business that has a consistently full appointment book. The business has a staff of 10 Full time employees and 6 Part Time employees. Employee turnover has been historically low with several employees having multiple years of tenure. All employees are W2. Over the last 3 years the seller has removed themselves from the day-to-day operations of the business and no longer functions as an LMT. This is an absentee owned and operated business generating an annual six figure income for multiple years. By listening to their customers’ needs and wants, the business has gradually expanded their menu of services, and specializes in several different kinds of massage therapy.
There are a variety of massage therapy providers in the Portland market however, this massage therapy and wellness provider has a demonstrated they have all the ingredients of a successful business as evidenced by their years in business, profitability, repeat clientele, and commitment to quality.
According to data provided by the US Bureau of Labor Statistics the employment of Licensed Massage Therapists is expected to grow 21% from 2019 to 2029. Demand for massage therapy services will likely grow as referrals from healthcare providers is expected to increase as the benefits of massage therapy have become more evident. The location has 10 treatment rooms but has been operating at 60% of their physical capacity leaving ample room for additional growth and diversification of wellness services such as acupuncture, chiropractor, physical therapy, naturopathic doctor, spa treatments etc.
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Reason for Selling:
Retiring
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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