Fast Growing Franchise Massage Center – King County
For Sale in Federal Way, WA
Financial & Assets Details
About the Business
Growth is off the charts for Washington’s second LaVida Massage location! With better pricing than competitors, a focus on customer service, and a subscription based business model growth is built into this business. Unfortunately health challenges are forcing the owner to sell this franchise and focus on his health.
With a grand opening in October 2017 this business has grown over 40% month over month. This location consists of 9 rooms and a couple’s room. As of this writing (Dec 21st) they employ 5 message therapists, with a need to hire more to keep up with demand.
Massage therapists are paid on commission with a base pay of minimum wage. All massage therapists are currently on commission only (demand is exceeding min wage pay = a good thing), as this location can hardly keep up with demand. With a subscription base clientele LaVida Massage Federal Way already has 100 memberships with 170 members and growing daily. The owners business plan will produce 500 accounts within a year of launch.
Up sales and boosts to revenue occur from massages paid for in addition to the standard package, upgrading to a 90 minute massage, multiple members per membership (advantage on competitors) product sales, and other upgraded services.
Current owner handles employee scheduling, marketing, financial reporting, training. With the current business plan the business should produce enough cash flow to hire a site manager who will work the front desk, and handle the day to day operations of the business. Ideal for a hard working entrepreneur seeking a proven business model with massive growth potential; and the ability to systematize the business and manage as an absentee owner.
Growth & Expansion
-Continue operating under Franchisors business model
-Expand services offered to sports therapy, aesthetics, wellness care, etc
-Federal Way Hometown Values publication
-Currently acquiring 1.6 memberships per day
Seller financing available for qualified buyers, terms to be negotiated based on buyer experience and financials.
Massage therapy was projected to be a $6 to $11 billion a year industry1
AMTA (American Massage Therapy Association) estimates that massage therapy was a $16-20 billion industry2
AMTA estimates that massage therapy was a $12-17 billion industry3
Because of the economic situation in the country and some discounting among massage therapists to cope with the economy, AMTA estimates massage therapy was a $10 to $11 billion industry4
Continuing economic uncertainty in the country results in an AMTA estimate that massage therapy was an $8 to $12 billion industry4
More economic uncertainty in the U.S. resulted in an AMTA estimate of a $8 to $10 billion industry5
Support & Training
4 Weeks included
Reason for Selling: