Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
Broker Contact Form
Name

Email

Phone

Comment


Upscale Massage Reflexology & Spa
(Hair & Beauty)
Dallas, Texas
Listed Price: $ 359,000
Listing ID: 000910

Listing DetailsDown Payment: $ 72,000
Gross Revenue: $ 541,934
Cash Flow: $ 157,171
FFE: $ 50,000 (Included in Price)
Inventory: $ 500 (Included in Price)
Reason for Sale:

Looking for other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Very well-established high volume reflexology & full body massage boutique is now available for acquisition. The business has begun its superior massage service in 2010 and has become one-of-the-best foot/full body massage place in DFW area. This upscale massage shop occupies a 1,310 SF space of a premier retail strip center which features gorgeous build-outs with an elegant interior that is located nearby an intersection with consistently heavy traffic as well as densely populated neighborhoods filled with high-income individuals and numerous retailers that attract a large number of people to the area. As the business is surrounded by more than 20 hotels and over 150 restaurants, it has many walk-in traveler customers visiting from elsewhere beside numerous loyal customers this business has accumulated since business opening. The business offers hand massage, foot massage (reflexology massage), body massage and therapeutic massage with different length of time from 30 min - 90 min. The business targets high-end demographic with superior massage service at high-end price which has made them stand out among its competition. Quite a few competitors are in the immediate market area, but this business is known as one of the best massage boutique in N. Dallas area and has by far superior than any other competing massage shops within the immediate market area in terms of reviews, volume, services and customer awareness. Gross sales of this unique massage shop have been consistent for the last 3 years running at around $500K-540K per year due to its superior service and customer management by the current owner. Although some online marketing is in place through website, social media outlet, loyalty program, text reminder etc., more of offline marketing method such as direct mailing, flyers, specials, package deal etc. needs to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Currently, there are 3 rooms for full body massage and 4 stations for reflexology massage (foot massage) which can handle up to 8 customers at the same time. Since number of customers has been outgrowing number of therapists available for walk-In customer, it is highly needed to hire 2 additional therapists which will in result immediately generate more revenues of the business by cutting down the percentage of turned-away customers on busy weekend. Having a full-time owner operator will be the best way for this business to increase cash flow as the business will spend less on payroll expenses, managing and maintaining the quality of the customer relations. This is a great opportunity to acquire one-of-the-best and high volume upscale full body/reflexology massage boutique located in high-end N. Dallas.


Competition:

Many competitions are found in a given competing area, but this business is uniquely branded with upscale image and made its stand out among other competitors by providing superior massage service to its customers.


Potential Growth:

Online marketing is being proactively done by current owners, and more of offline marketing is needed to fully utilize to achieve maximum income potential.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1310
Facilities:

This business is located in a 1,310 SF space of retail strip center nearby one of the busiest intersection in N. Dallas surrounded by numerous restaurants and more than 20 hotels that constantly bring immense traffics and traveler customers throughout the day. The business have been gorgeously built out with upscale furniture and materials and uniquely branded with high-end image.


OperationYear Established: 2010
Employees: 9FT
Absentee Owner: No