Upscale Massage Reflexology and Spa 001131
Well established therapeutic massage boutique with a high-end facility is now available for your acquisition. While rooted in a competitive, affluent North Dallas city, this establishment has become a prime example of a business steadily reaching its full potential. This boutique is regarded with high standards within the Dallas community and is frequently used as a litmus test to compare against other high-end boutiques. The community's level of satisfaction is genuinely evident when one peers into this establishment's near-perfect yelp and google reviews. This establishment occupies a 3,121 SF space in a retail strip center that has been newly expanded from its original 1,310 SF space. The current owner has extended the facility in order to keep up with the over-flowing demand and utilize the recently implemented machines to facilitate their new services.
This establishment's amenities range from full-body massages, hydrotherapy showers, skincare routines, body wrapping, waxing, and reflexology massages, some of which can be enjoyed through combination packages. The hydrotherapy shower is a new French technology at the forefront of massage and spa technology. Currently, no other Dallas massage boutique has or is even capable of facilitating this new technology. The exterior of the building is clean and prim, a theme that is consistent throughout the facility. The window panes are adorned with simple plants that help the establishment look more lively. Walking into the facility, you're greeted with a bright and vibrant waiting room. This room is the only part of the building that is brightly illuminated. All the other rooms are used for massage and therapeutic services and thus are dimly lit and warm for maximum relaxation. The current owner has maintained all machines and equipment excellently and upholds the high standard that the customers expect from this facility. The city where this establishment is residing has a vibrant and lively business culture that breeds a highly competitive atmosphere. Other high-quality stores that also have high foot traffic and high customer retention rates surround this establishment, generating a vast amount of trickle-down foot traffic and customer awareness to this boutique. This massage boutique is front-facing a bustling main street that brings significant movement to the city's business hub. The customer base consists of mid to high-class individuals, primarily middle-aged women and married individuals who often bring their kids. Many types of clients come to enjoy the services this boutique has to offer; thus, the ethnic background of customers is broad and not limited to the local community.
There are a few other massage parlors that are located in the same business hub as this establishment. Still, none of these businesses are considered direct competitors because their amenities pale in comparison to this boutique's modern facility. For the last three years, monthly gross sales have been around $40,000. In 2021, this facility expanded its holding capacity by adding an additional couple's room, three single rooms, one individual hydrotherapy shower room, one couple's hydrotherapy shower room, one locker room, and one waiting lounge.
Since the renovations, this establishment has been rapidly growing generating $60,000-65,000 a month. Though the increase in revenue is substantial, the facility can improve greatly with additional staff that will allow this business to operate at full capacity without the influence of the pandemic. An average of 150 clients every week has to schedule services the following week as each week is fully booked! When fully staffed and operating at maximum capacity, this establishment is projected to generate $1,000,000 in annual revenue.
To improve this business, the singular thing that is necessary is simply filling out its shoes. Hiring ten to twelve part-time therapists, two receptionists, and two certified estheticians are required to fully facilitate this business to generate more sales. Doing this will let this well-established boutique soar to its fullest potential. Replacing the owner's position as general manager by hiring an employee capable of overseeing the facility, the owner can shift their focus solely on marketing and revenue generation.
The owner is looking for other opportunities in different industries.
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
This business is located in a 3,121 SF space of retail strip center nearby one of the busiest intersections in N. Dallas surrounded by numerous restaurants and more than 20 hotels that constantly bring immense traffic throughout the day. The business has been gorgeously built out with upscale furniture and materials and uniquely branded with a high-end image.
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.
Online marketing is being proactively done by current owners, and more of offline marketing is needed to fully utilize to achieve maximum income potential.
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.