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Profitable&Established Massage Studio in Murrells Inlet SC For Sale

Murrells Inlet, South Carolina, US
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
$330,600
Cash Flow:
$81,600

Five year old Massage Studio, Murrells Inlet SC.

  • Business Model Membership Based.
  • Currently 239 members (annual contracts) and growing rapidly.
  • Current average treatments per week 100.
  • Because of new location Forecasted Treatments per week in one year 200.
  • Current average Gross Revenue per month $27,800.
  • Current average Contribution Margin per month $15,800.
  • Current average Overhead/Fixed Costs per month $9,000.
  • Current average NCF per month. $6,800.

New Location:
-Build-Out Complete
6 month Membership forecast 300
6 month Treatment forecast 150 per week
6 month Revenue forecast $48,000 per month
7 Rooms one a large couples room.

Property Information

Real Estate:

Lease

Lease Terms:

Triple Net lease Rent is 2500 + 468 for Insurance, Taxes & CAM. Sewer and garbage are included.

Leasehold Rent:

$30,000 per annum

Lease Rent:
$20 per sq ft per annum
Location:

New Prime Spot in Murrells Inlet SC

Premises Details:

Facility is located on Inlet Square Drive, Thousands of cars drive by daily, Build out complete on 1500sq/ft space. 7 rooms with one room being a couples. two bathrooms, luxurious common area, and break room for therapists. W/D for Laundry.

Size in square feet:
1500sqft

Business Operation

Management type:
This business is employee owned (ESOP).
Expansion Potential:

Business is currently at the critical mass point for massive accelerated growth. The Greater Myrtle Beach area is one of the largest growing if not the largest growing area in the country.
New location has already seen explosive growth please see P&L Proforma.

Competition / Market:

Direct Competitors Massage Envy and Hand Stone because of our business model (Membership based). New location in Murrells Inlet is miles away from closest competitor.

Reasons for selling:

Going into Ministry.

Trading hours:

Monday - 9am - 5pm
Tuesday - 9am - 5pm
Wednesday - 9am - 5pm
Thursday - 9am - 5pm
Friday - 9am - 5pm
Saturday - 9am - 5pm
Sunday - Closed

Employees:
8
Years established:
5+ Years

Other Information

Support & training:

Six month training is offered to allow for a seamless transition.

Financing available:

Open to options

Furniture / Fixtures value:
$34,000 - included in the asking price
Inventory / Stock value:
$4,700
Website:
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Related Documents:
Relocatable:
This business can be relocated