Established Business with $150k Cash Flow potential

Orange, CA (Orange County)

Established Business with $150k Cash Flow potential
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Asking Price: $97,000

Cash Flow: $50,000

Gross Revenue: $110,000

EBITDA: N/A

FF&E: $175,000

Inventory: $2,000

Rent: $1,791 per Month

Established: 2015

Established Business with $150k Cash Flow potential

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Business Description

Get into the Float industry during the industry boom!

Float Therapy, also known as Sensory Deprivation. The simple, yet effective relaxation and healing service that is a fast growing trend around the world and can be an essential business even in times of uncertainty.

Awaken Float Lounge opened it's doors to customers March 1st, 2016. Day one we had nearly a full schedule with people so excited to try their first Float session. Fast forward nearly five years later and we now have a client base of over 8000+ clients and new clients coming in every day.

The business has used Groupon as a source of marketing along with word of mouth and people searching for this type of service. We have recently pulled ourselves off of Groupon and focused our marketing strategies on social media, google, and YouTube.

Utilizing the worlds only NSF Certified Commercial Float tanks, we pride ourselves on being the best of the best and the cleanest Float Spa in Orange County.

I have already purchased the equipment to triple the cash flow in the available attached suite next door. My business partner and I have recently decided to move our float tank manufacturing company out of state to be more centrally located for distribution. This gives you a rare opportunity to complete what I have already stated and triple the current income with the guidance from me to complete the job.

Right now is a great opportunity to break into this cutting edge industry in the wellness field that has high demand and provides great results to customers dealing with every day stress, anxiety, depression, or physical pain. People are looking for healthy, immune boosting activities more than ever.

Detailed Information

Location:
Orange, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
818
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Using the best of the best, only NSF Certified commercial float tanks in the world, you could say we take sanitation and our clients wellbeing serious. We utilize two Float Lab Inc. float tanks. These tanks are the well known tanks preached about by Joe Rogan and are the only NSF Certified Commercial float tanks in the world. The office will come fully furnished and turn key with a front desk, sitting area for clients, T.V. in the reception area, computer, washer and dryer for onsite laundry, and a space for retail sales in the lobby.
Competition:
Located in North Orange County, we are the only Float Spa within 15 miles. We have visitors from other Float spas and constantly receive feedback that we are the cleanest, most comfortable, easiest to access location in Orange County. Our competitors all compete with each other in a race to the bottom on who could have the lowest prices. Meanwhile we have been doing better than ever with our price increases. We cater to a more high end serious client wanting to do this as routine therapy.
Growth & Expansion:
With nearly zero marketing done over the past four years and the majority of our client base built on word of mouth and searching for our service, the growth opportunity is massive. We have just recently put a marketing plan in place with a detailed social media strategy and have been breaking records this year amidst Covid compared to the past four years. Physical growth is also available with the unit next door available. Expansion would be a simple build out with guidance from the current owner.
Support & Training:
60 days onsite training. 3 months via phone, text, FaceTime, email.
Reason for Selling:
Owner is relocating another business out of the state.
Business Website:
http://www.awakenfloatlounge.com
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Business Listed By:
Eric Sullivan

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Ad#:1799010

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