This is a great opportunity for working entrepreneur owner(s) to join one of the top national
franchisors by purchasing two well-established locations in El Paso County, Colorado for a price
that is equivalent to the start-up costs for one new franchise. The studios offer a
comprehensive menu of massage, facial and skin care services provided by licensed therapists.
It is their goal to enhance the lives of its members by caring for the mind, body, and spirit.
All the hard start-up work has been done!! That is: finding ideal locations; completing initial
leasehold improvements; obtaining necessary FF&E/Inventory, implementing franchise
required accounting and operational systems and processes; recruiting and hiring qualified
staff: training staff in proven operational techniques; and establishing a solid membership base
through national/local advertising and word of mouth. The actual total startup costs for the two
locations offered in this profile was $1,056,248;
Unfortunately, when Covid was mostly prevalent in 2020-2022, it affected the number of
therapists able to provide services as well as membership levels. Since then, it has been a slow,
but methodical process to rebuild the businesses to pre-covid levels. Now staffing and
memberships are returning to pre-covid levels and growing beyond.
Today, these studios have a combined membership exceeding 1,400 which provide recurring
revenue through defined membership programs and service enhancements. The membership
retention rate is now well in excess of 90% yielding an annual revenue in 2022 in excess of
$2,200,000. Current room utilization is only at ~30% of total capacity leaving significant room
for growth.
At this point, the current owners want to retire and begin a new chapter in their lives. New,
energetic and innovative owner(s) can immediately step in and focus attention on more
effective membership marketing, therapist hiring, and operational effectiveness to increase
membership levels, revenues and profitability. The studios are located in very popular and high-
volume shopping centers with great surrounding demographics which provide a large, served
market base to market into.
If you are looking for predictability, recurring revenue, strong franchisor support, a well-
established business, and satisfied members, this is your opportunity.
- Asking Price:
- $550,000 Inventory / Stock included
- Sales Revenue:
- $2,217,671
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
232,404 (both locations) per annum
- Location:
-
Two great locations, in high traffic and upper class areas.
- Premises Details:
-
Both building locations are a total of approximately 4,600 sq. feet. They are completely built out with furniture, fixtures, and equipment.
- Size in square feet:
- about 4,600
Business Operation
- Expansion Potential:
-
As the pandemic has dissipated, the demand for personal
massage, facial and skin care services is seeing a slow but steady
increase returning to pre-pandemic highs. With new therapists
being added on a regular basis, memberships and room utilization
are expected to increase as well. The business is supported by a
robust national and local advertising program that draws
attention to the types of services desired by many in the fast
growing and upscale areas where the studios are located.
- Competition / Market:
-
While this is a competitive industry, these franchise studios enjoy
a well-earned reputation for beautiful facilities with an
atmosphere of serenity and peacefulness; high quality and
extensive service offerings; well-qualified, experienced and
licensed therapists; and exceptionally high customer satisfaction
that results in over 90% retention of its members.
- Reasons for selling:
-
retirement
- Trading hours:
-
Monday thru Friday: 9:00 A.M. - 9:00 P.M.
Saturday thru Sunday: 9:00 A.M. - 7:00 P.M.
- Employees:
- 41
- Years established:
- 6
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
The owners are willing to provide support for up to 3-months in
addition to the ongoing training and support supplied by the
Franchisor.
- Furniture / Fixtures value:
- $172,183
- Inventory / Stock value:
- $20,000 - included in the asking price
