Exceptional massage and wellness centre for sale.

Exceptional massage and wellness centre for sale.

Introduction:

• This business was started in 2012 by the existing owner and has grown exponentially on a year-on-year basis, due to new treatments and products added on a continuous frequency.
• The existing owner has been in the wellness/health/fitness industry for over 30 years.
• The outlay and interior of the centre is on a 5-star level and the owner has spared no expense to make it functional and customer friendly as the centre is situated in a high upper class income bracket area.
• Through the years the owner has added a range of their own products which are being sold at the business or online- these products included a whole skin range with inter alia essential oils, tissue oils, moisturisers, handcrafted soap, body butters, facial serums, etc.
• Besides offering treatments like therapeutic massages and beauty treatments the business also offers cryotherapy where a lot of patients from medical doctors/physiotherapists/recovery from post cosmetic surgery etc. are referred to this centre.
• The owner has a full-time team of 3 qualified therapists at the centre whilst his partner takes care of marketing/admin etc.

Financials:

• Despite the covid pandemic, this business has had a steady turnover for 2020, and for 2021, the turnovers are back and even increasing with a well above average NP projected until February 2022.
• The average turnover per annum is around R 1 million, with a very high GP on average of 93%.
• The annual average NP for the business is around R 400,000 (EBITDA).
• There is an existing lease on the premises for 5 years.
• All the leases on some of the equipment will be settled by the owner before date of takeover by a new buyer.

Selling Price:

• R 1,3 million which gives a buyer a ROI of 30%.