San Diego floatspa 20,000 clients est. 2008

San Diego, CA (San Diego County)

Lobby
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Asking Price: $200,000

Cash Flow: N/A

Gross Revenue: $180,000

EBITDA: N/A

FF&E: $205,000

Inventory: N/A

Rent: $2,900 per Month

Established: 2008

San Diego floatspa 20,000 clients est. 2008

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Business Description

Record growth since Covid, virtually no competition

Revenues up 25% over 2019 Pre Covid.

Brand new Range Rover/Jaguar dealership is opening soon across the street bringing loads of opportunity to cross-promote and draw from high-end clients. Grotto rock climbing gym opening soon in building next door opening the door to cross-promote to clients.

Last March the Covid Shutdown pulled down our 2020 revenues but fourth-quarter 2020 & first 60 days of 2021 business is stronger than before. With stress levels at an all-time high, demand is growing daily. Clients are seeking healthier stress relief modalities and natural approaches to be better sleep.

Plenty of room for greater profits. Float capacity can be increased by as much as $25,000 monthly with aggressive marketing. Sauna revenues based on availability can be increased as much as $20,000 monthly with aggressive marketing.

Currently at $48,000+ in annual membership recurring revenue. February finished 20% over last year pre-Covid. The business began with Groupon as its primary marketing tool. In August 2020, we weaned off Groupon and switched to traditional marketing. Investing in Facebook, YouTube, and Instagram ads with video ads are starting to pay huge dividends.

Bring your favorite healing modality to a solid and established business to soar to new heights and make whatever you decide to put into the business. Opening a business like this would easily surpass $375,000 not to mention the cost of marketing to find 20,000 clients that walk through the door and use your service. That alone could cost over $200,000. Add any service here and market to over 11,000 on our exclusive email list that has been nurtured for years.

This is one of the top places to relax and de-stress in these crazy times.
We are located near the famous Miramar Air Base where "Top Gun" was filmed in 1996.

The center is centrally located, close to Scripps Ranch, La Jolla, UTC, and Rancho Bernardo. The Float Center includes 1 large couple float room, equipped with 3 float pods (Recently added one new pod with all-new state-of-the-art automation and filtration gear) and showers in each room. A makeup area, a beautifully furnished lobby, a storage room, laundry room, and extra room for adding a new service. This could generate added revenues of $30-40,000 annually with minimal added overhead. Washer and dryer included for onsite laundry service.

During its 12+ years of operation, Float Spa San Diego has collected a large and devoted group of floaters. 20,000 plus to be exact. Sadly as my parents have both passed recently we are now moving to be more centrally located for the distribution of our float room equipment business.

If you are interested in a beautiful business, that is a well-built facility, look no further. This business has all the clients needed for adding a new service and taking it to new heights. All figures are recorded in the POS system. The owners have verifiable financials. Simple business to operate and train new staff in a very short time.

Attached Documents


Detailed Information

Location:
San Diego, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,680
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 Float pods / 1 custom couples float room. New filter system with full automation. Two fully tiled couple's showers with rainfall showerheads. Well furnished. Beautifully maintained facility with years of great reviews. State-of-the-art air movement system and Ultra Violet light for sanitation throughout the facility. The float room has new upgraded equipment as of September 2020. Lease can be renewed for 5 years with an option for 5. This center would cost $375,000 to build new.
Competition:
No float spas nearby. Wide-open opportunity for explosive growth. 20,000 clients still in the database. Membership model focus has already built $3,500 of residual monthly revenues with target of $10,000 in 12 months. Covid has people looking for ways to relieve stress and memberships have never been easier to sell. September, October, November are record sales.
Growth & Expansion:
Huge opportunity to network with airforce base practically across the street. The owner has a manufacturing business for custom float rooms and will offer discounts for the new owners on expansion to all float rooms if desired.
Support & Training:
Owners will train for new owners onsite for two weeks and be available by phone and email for 60 days.
Reason for Selling:
Owner relocating other business out of state. Moving our manufacturing.
Business Website:
http://www.floatspasandiego.com
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Business Listed By:
Mario Shaffer

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