Total of 18659 firms and businesses for sale today Thursday 2nd May 2024
Time to Sell or Time to Buy !

Sold. Health, Therapy & Beauty Premier Massage/sun-lounge/sauna Centre

LISTING DETAILS
Firms For Sale ID:
33385
Vendor reference:
CQ187
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£465,000  
Turnover / revenue:
£500,000
Net profit / cashflow:
£31,436
Years established:
33
Number of employees:
25

OTHER DETAILS
Reason for selling:
Retirement.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold in a prestigious area of North London. The leasehold is for 11 years on the two adjoined shops and 160 years on the 3-bed flat. The double fronted shop premises comprise of reception area, gents and ladies changing rooms, lockers & showers & wc, 12 treatment rooms, sauna, steam room, spray tan room, 4 x sun beds, staff room and infa red sauna.
Living accommodation:
3-bed flat.
 
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BUSINESS DESCRIPTION
Health, Therapy & Beauty Premier Massage/Sun-lounge/Sauna Centre located in prime retail position
Ref.CQ187
Location North London
Asking Price GBP 465,000
Operating as a specialised massage and sun-bed and healing centre for both men and women since 1980, this is a very well managed and successful business. The centre offers a wide range of treatments and is firmly positioned in the mid to upper end of the market, this business has established itself as a firm favourite amongst affluent professionals of both sexes, drawing a busy clientele (including celebrities) from many miles around.

This busy centre offers all the vaious types of massage therapies, beauty and slimming treatments, facials and non surgical face lifts, waxing, tanning and sauna treatments for both men and women and has gained an excellent reputation.

This flourishing centre features top of the line amenities, including twelve therapy rooms that are professionally equipped. The treatment rooms are dedicated to providing a wide range of treatments and therapies by the professional and friendly team of therapists. The centre also incorporates a welcoming and comfortable reception area ensuring clients feel comfortable and relaxed from the moment they walk through the door. The clientele are split on average 70/30 male female.

Well located in a prime retail location on a major road of North London the centre has become an important part of the community. Not surprisingly, the centre enjoys a good level of patronage with a high perecentage of repeat custom, from a wide demographic group, reflecting the wide range of ages and variety of people this market appeals to.

The business has all the equipment normally associated with a business operating in this sector.

This opportunity is an ideal business for anyone looking to establish a foothold in the health and beauty sector or for someone already in the sector looking for a widely recognised outlet to bolt on to their existing business.

With a turnover of approximately GBP500,000 together with the goodwill, equipment and long leasehold flat this business is conservatively estimated to be worth GBP465,000. This is an excellent opportunity to acquire a very well established massage centre with a large and affluent repeat client base and with significant potential for future growth.

Expansion Potential
Future growth could be achieved with further investment in marketing, utilising social media, twitter, face book and the web site to increase awareness beyond its current geographical catchment area. Through this therapists can be sent out to various offices and events rather than just serving the clients at the centre.

There is certainly an increasing consumer demand for this market sector at all price points and further sustained growth is expected in this sector. This business is expected to continue to benefit from the growing London population and capitalise on this social trend.

Market / Competition / Non-Competition Agreements
The business has an attractive and easy to navigate website, detailing all available treatments and services.

The business undertakes little marketing, so this is an area that could be targeted for new business. . By far the most effective form of marketing for the business however, arises from the finest form of marketing, high levels of customer service which encourages a loyal customer base and strong word of mouth recommendation.