Historic Steam Bath and Health Business
Asking Price: | $400,000 |
Gross Revenue: | $151,945 |
Rent: | $2,400 |
Cash Flow: | $59,916 |
Inventory: | $1,000 |
FF&E: | $11,750 |
A successful health and wellness business, paired with a mixed-use real estate with a history that's over 100 years old. The owners have spent three years renovating and improving the business, including renovating the space, implementing the scheduling software and building a loyal customer base. The business has a long history at this location and the members of the community are excited to have it back open and better than ever. This is a fantastic dual opportunity to buy a business and real estate. The real estate also has an apartment that is currently rented month to month for an additional revenue stream of $1,200 a month.
Transaction Details: The business and property are being offered for $400,000. This includes recent upgrades of approximately $120,000 to the boiler and steam rooms and also includes $11,750 of FF&E and $1,000 of inventory.
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