Established Franchise Float Spa Ready for New Owner

Listing Number: 76931-698349

Description

This franchise was originally founded in 2009 in Arizona, and this Houston location officially opened its doors in October 2018. The same owner has operated this location since its launch, after discovering the benefits of float therapy through a feature on ESPN that highlighted how professional athletes use it for recovery. As one of the first float spas in Houston, they started with a mission to introduce the community to the physical and mental health benefits of flotation therapy. Over the years, the business has steadily grown through community outreach, veteran partnerships (offering free monthly floats to veterans), and word-of-mouth from satisfied clients. We expanded our membership offerings, added promotional float events, and upgraded our systems to enhance the overall experience.

The current initial investment required to open a location is currently over $475k, and can go as high as $1M, depending on lease and location. This location spent in excess of $430k in 2018 to open and has an existing inventory of six pods that produce revenue (at an initial cost of $30k each). While not quite cash flow positive, this is a great opportunity for an owner in the health and wellness industry to add flotation therapy to their services, while providing other allowable vertical revenue streams, in a great location, fully built out, at a substantial discount.

This opportunity requires a cash buyer. Sellers may consider some portion of seller financing for a qualified applicant.

 

Listing Details

• Price: $150,000
• Down Payment: $150,000
• Sellers Discretionary Earnings: $-36,937
• Total Sales: $396,036
• Location: Harris County, Texas


• Inventory: $0
• FF&E: $100,000
• Employees: 5
• Year Established: 2018
• Reason for Selling: Other business interests
• Category: Beauty/Personal Care