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

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. 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 until Covid, but 2021 was a great bounce back year and 2022 sales are up 10% over 2021. 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 has shown a 60% growth in sales in Q1 2022 over Q1 2021! Prospects for both stores are very good for 2022. Price increases will be going into effect in May 2022. 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 and assistant manager in place. The current owner spends less than 30 hrs/wk, mostly on a remote basis, handling HR and Marketing. Both locations have long term leases. Location A has nearly 19 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. $223,396.00. 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 on 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!

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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.