2017: $113,403 Annualized
Owner Profit/Cash Flow
2017: $15,460 Annualized
Cost to Create –
It would take far more time and energy to recreate this business as is than to purchase it for $90,000. All equipment is new and the space has been beautifully built out, making it move-in ready.
Assets Included in Purchase
Equipment: $97,200 – cryotherapy machines, washer/dryer, furniture, TV, stereo system, and more
Build-out: $45,000 – flooring, interior décor, emergency evacuation system
*amounts may vary
Location and Service Area: West Omaha
Services: Localized cryo-stimulation, whole body cryotherapy, cryofacial
Benefits of Cryotherapy: Decrease injury recovery time; reduces muscle soreness, spasms and inflammation; improves joint functioning; skin rejuvenation and more!
Building: 1,500 sq. ft. – 3 cryotherapy rooms, laundry room, reception, kitchen, restrooms
Reason for Selling: Growing family
Employees: 1 PT – a buyer could easily train new employees
Hours: Mon – Fri 10am to 8pm, Sat 9am – 4 pm
Seller Training Period: 90 days
Growth Opportunities: Marketing – best way to grow sales. Tanning booths. Hire an aesthetician. Hire a massage therapist. TENS units. Botox. Health supplements.
Current Owner’s Responsibilities: Owner/Operator
45% Buyer Down Payment:$40,000
33% Seller Financing:$30,000
22% Bank Loan:$20,000
This cryotherapy spa has a great build-out with new equipment and an excellent website. Located in West Omaha, the business model lends itself as an addition to a tanning or beauty salon as the client demographics tend to intertwine. Up for sale as the owners have a growing family, a buyer spending time on marketing should see an increase to the current walk-in traffic.
People seek out cryotherapy treatments for different reasons, but many come for muscle pain relief, beauty benefits, and auto-immune health treatments. The company has 3 rooms dedicated to cryo-stimulation, whole body cryotherapy and cryofacials. The 1,500-sq. ft. space also holds a laundry room, reception area, kitchen and restrooms, as well as a small exercise room.
Growth exists in providing tanning booths to offer another service. A buyer could also consider hiring an aesthetician or a massage therapist to truly create a spa atmosphere. Depending on the buyer’s plans, TENS units could be utilized, as well as Botox (under medical direction) and health supplements.
This is a great business with many options to grow both the client base and the top line. A tanning or beauty salon buyer would be a perfect fit, and with some training, more part-time employees could be hired to cover cryotherapy clients.