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Authentic Westside Spa & Massage Center Absentee Run

California, Santa Monica
Asking Price $325,000.00
Gross Income $839,199.00
Cash Flow $839,199.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Hair Salon Day Spa

  • FITNESS
Overview
This truly unique spa and massage center is located in a high foot traffic and stellar street visibility space in a sought after location. The well-appointed spa transports its clients to another world via its authentic decoration, soothing ambiance, seasoned staff (all of whom are independent contractors, but have great experience and should remain at the spa following the sale) and comprehensive total body offering of several complementary services. Whether offering prenatal massage, pediatric massage therapy to kids, geriatric massage to those confronting joint and ambulatory issues, cranial massage for migraines, relief from chemotherapy, muscular improvement for athletes or those just looking for stress relief and relaxation to clear the mind, this center offers help for all. In addition, this businesses commitment to its community, taking many forms, has enabled it to maintain an extremely faithful, loyal following.
Business Details
Location and Facilities: The 2,200 square foot facility leases for $11,000 per month is this prime location. All of the spa s furniture, fixtures, equipment, inventory and goodwill are included in the sale (with the exception of a few of the seller's personal decorative items). It boasts roughly 24 massage spaces that can be used for singles, doubles, or as larger private rooms. In creating a smoothly run absentee enterprise, the owners have done so with a sustainable, eco-friendly approach.

Support/Training: 2 weeks at 20 hrs/week

Market Information and Position: The absentee run day spa could benefit from a full-time owner operator who is a full-time service provider (e.g. masseuse, esthetician, reiki or yoga practitioner) or receptionist / manager. While the spa has continued to build a formidable loyal local client base to capitalize on, new owners may seek to launch an aggressive advertising campaign to stay at the top of their past client's minds. They have intentionally avoided large group buy sites such as Groupon and Living Social in order to maintain their loyal following. This prime location is at the epicenter of a thriving, highly desirable community, which gives it a built in advantage in the immediate local area. While competition exists in the overall massage industry, not many have embraced the long term approach based on the primary focus of helping people, which in turn has allowed them to maintain an ever growing base of regulars that have found a comfortable home that matches their needs.

Reasons for Selling: No longer live in Southern California

Financing:

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