Natural Therapies Business For Sale in 0 Minnesota

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Profitable Massage Salon With Retail

Location:Minnesota

Category:Natural Therapies

Asking Price:$ 390,000

  • Sales revenue : $697,829
  • Net profit : $140,000
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Profitable Massage Salon With Retail
  • Profitable Massage Salon With Retail

Business description

TYPE OF BUSINESS: Profitable Massage Salon with Retail: newly renovated. This business was established 30 years ago with the current owner operating in this prime location for over 15 years. They have an impressive client list with many of them as repeat customers. Therapists work set days and receptionist handles all the appointments. This is a full service massage salon that offers Therapeutic, Pre-natal and Reflexology massages. Hours are Monday – Saturday 9:00 a.m. to 9:00 p.m. Sunday 12:00 p.m. to 6:00 p.m.

The business is located in a southern suburb of Minneapolis.

FACILITY: The business operates from a nicely decorated space. This salon operates 7 large private massage stations with 2 bathrooms, laundry room, employee break room and a beautiful lobby. The space is 1,730 square feet. The lease is $4,600 per month which includes CAM charges.

EMPLOYEES: 35 part-time employees (all professional massage therapists are long- term employees vs. sub-contractors).

GROSS SALES / CASH FLOW: 2013 sales through September are $623,550. 2012 sales were $697,829 , cash flow based on 2012 sales is about $140,000. 2011 sales were $723,360 cash flow based on 2011 sales is about $120,000.

SALES PRICE: The seller is asking $390,000 for the business which includes all customer files, $20,000 in furniture, fixtures, equipment and $500.00 of inventory at cost.

REASON FOR SALE: Health – Retirement

Other Information

  • Real Estate: The business operates from a nicely decorated space. This salon operates 7 large private massage stations with 2 bathrooms, laundry room, employee break room and a beautiful lobby. The space is 1,730 square feet.
  • Years Established: Established over 30 years ago
  • Employees: 35 part-time employees (all professional massage therapists are long- term employees vs. sub-contractors).
  • Reason For Selling: Health; Retirement
  • Lease Terms: The lease is $4,600 per month which includes CAM charges.
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