Massage/Facials/Spray Tan Wellness Center

File# C2435
Location: Wayne County
Business Price: $500,000
Down Payment: $150,000
Monthly Payment:$6,766.48
Interest Rate: 6%
Amortization Period:60 months
Gross Sales: $652,411
Source: 2017 Income tax return
Cash Flow: $171,471
Source: 2017 Income tax return
Inventory: $15,000
Days Open: 7 days
Business Hours: 10am - 7pm Mon, Tue, Wed and Sat, 10am - 8pm Thur and Fri, 10am - 6pm
Seats:
Parking: ample
Licences Required:Business Esthetician and Massage Licenses
Year Established:2005
Year Acquired: 2005
Monthly Rent:$4,100 Gross

Profile:

This is a very profitable unique wellness center that specializes in therapeutic massage (Swedish, Deep Tissue and Fascial Stretch) as well as provides skin care, make-up, facials, waxing, spray tanning, sells a variety of organic and herbal products and more. It is located in a highly desirable downtown suburban Wayne County location. This wellness center has been established since 2005 and is still owned by the original owner, who is ready for less management responsibilities and perhaps for a career change. Sales have continued to increase substantially over the years. The cash flow to the owner-operator for 2017 was over $170,000.
The business is operated by the owner who performs massages, including fascial stretching at $90 per session, a form of stretching that is extremely beneficial, especially for professionals in health, fitness and sports. Other massages included Swedish at $75 per session and deep tissue at $85 per session. In addition, there are 3 other full time therapists and approximately 14 part time therapists. All therapists are independent contractors who receive 1099’s and are paid a percentage ranging from 40% to 55% of the revenue received. There are also 3 part time receptionists who are w-2 employees and are paid hourly.
This business could expand into other services such as Botox treatments, manicures, pedicures and other spa services. Their clientele is appropriate for these additional services.

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This information has been supplied to Broker, Capital 1 Commercial Group, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.