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Business for Sale Summary

Massage Franchise - 2 Loc. Pkg for sale in NY - 33778

Business Type: health/medical/dental practices,healthcare related services,misc. servicel/non-classifiable,other personal services,seller financing available,spa / dayspa / skin care
Owner Financing
Massage Franchise - 2 Loc. Pkg for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $899,000 Down Payment $600,000
Gross Revenues $1,193,499 Lease Remaining Register Free to View
Owner’s Cash Flow $230,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and $299K over 5 yrs. @ 6%. Negotiable.

Business Description

National Massage Therapy Franchise - Two Location Package. Negotiable Price. No experience necessary. This model is built for recurring revenue and absentee ownership. The business offers high margin therapeutic massage in two excellent Nassau County locations. Full Covid protocols are in place in very controlled environments to keep customers and staff safe and healthy. One location has been established since 2013 (location A), the second location (location B) was opened in 2019. Location A had been seeing year over year growth with 2019 being their best year ever. Although the location was closed for a few months due the initial government mandated Covid shutdown, they have seen a nice bounce back since reopening. They will not be shutdown again as they are now deemed an essential medical massage service accepting insurance and flex spending. Store sales for location A alone were $1,193,499 for the past full year. That is without offering any retail products or lashes. Both are items the franchisor recommends. Location A has shown gross sales over $1mil for several years. In fact, sales were so consistently strong that the owner opened a second Nassau location in 2019, location B. That store had shown great growth until the Covid shutdown. It is also now reopened and bouncing back. Prospects for both stores are very good going into 2021. The owner has some pre existing health conditions that have motivated the sale. Both locations are currently managed on a very absentee basis as there is a full-time manager in place. Both locations have long term leases. Location A has nearly 20 years left on the current lease with a rent of $6,200/mth for a 2,700 sf space with 8 rooms. Location B has a similar lease with a rent of $6,200/mth for a 1,500 sf space with 5 rooms. The owner's total benefit in the most recent full year was approx. $230,000.00. The owner will stay for a lengthy training and transition period in addition to the training from the franchisor. We are seeking a serious and financially qualified buyer with good credit, at least $600K in liquid funds to cover the down payment and an additional $250K in liquidity or more to satisfy the franchisor of their strong financial standing. Proof of funds will be requested prior to any meetings or calls with the owner. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.