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A 10% down payment of $68,500 returns $104,498 in the first year after debt payments working limited hours! Located in the heart of the French Quarter, this business offers massages, facials, pedicures, manicures, and body treatments, and they have a variety of skincare and body products on hand. The experienced team includes 14 massage therapists (9 of them are W-2 employees, 5 are 1099’s), 4 estheticians, 3 nail techs, and 4 front desk personnel. Each team member is state licensed and board certified. Using top-notch ProSolutions spa software makes it easy for the 2 owners to run the business from home; it includes an appointment book, inventory controls, and client history & tracking, as well as automated marketing and unlimited reports.
Within their 2,000 sq. ft. space, their furniture and equipment consists of 4 massage tables, 2 pedicure chairs, 2 manicure stations, 4 wax carts, 2 chair massage units, 2 fully furnished locker rooms, headrests, a washer & dryer, linens, robes, towels, sheets, supplies, and a wall of upscale retail products.
Massages/couples’ massages are their most popular service, averaging $115 per hour. Their superior services lead to word-of-mouth advertising and a solid reputation among locals and tourists. Growth would be exponential with the addition of online retail sales and expansion of marketing and social media platforms, as well as adding services such as make-up and blow-outs.
30-mile radius of New Orleans
Add online sales for retail products, offer make-up services & blow-outs
Purchase Price: $685,000
10% Buyer Down Payment: $68,500
10% Seller Financing: $68,500
80% Bank Loan: $564,000
A 10% down payment of $68,500 returns $104,498 in the first year after debt payments!
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