NEW PRICE! Massage Envy in the Four Corners
(Health, Wellness & Beauty)
Farmington & Four Corners Area, New Mexico
Listed Price: $ 175,000
Listing DetailsGross Revenue: $ 812,793
Cash Flow: $ 127,472
FFE: $ 90,204 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Training & Support:
Strong management team in place. The parent company will provide significant initial and ongoing training and support.
Listing SummaryBusiness Description:
This turnkey Massage Envy clinic enjoys a high-traffic location in Farmington, New Mexico’s premier shopping center. New owners will inherit strong recurring income, a known presence in the local market, and nearly $230,000 in leasehold improvements. The staff and systems are in place to support your continued success. The general manager who is responsible for all the day-to-day operations currently earns an annual salary of $50,000.
Since 2002, Massage Envy’s affordable-membership model has propelled the chain and its eye-catching storefront spas to 1,200 U.S. locations. The national membership base numbers over 1.5 million people.
The franchise offers a variety of massage, facial and skin care treatments in the rapidly growing wellness industry. The chain has claimed nearly 50 percent of the franchised day-spa market. Forbes ranks it the #10 Best Franchise to Buy in its 2018 rankings.
Massage Envy is the market leader with more than a decade of success and an innovative business model. Competition at this size and scale in the local market is limited.
This is a great opportunity to own an established, turnkey clinic or become a multifranchisee. The parent company’s robust marketing and advertising program helps drive new memberships.
Seller will cover the franchise transfer fee. Franchise requirements include $150,000 cash on hand with a minimum net worth of $500,000.
LocationLease Expire: 2023-02-04
Option: Two 5-Year Terms
Monthly Rent: $ 6,031
Square Footage: 3600
Type of Location: Commercial
3,600 SF suite located at Farmington’s Four Corners Marketplace shopping center next to Albertsons
OperationYear Established: 2013
Employees: 14 FT, 11 PT
Absentee Owner: Yes