26 Employees at Central Iowa Spa – Passive Ownership

There are 26 employees at this Central Iowa spa, allowing for passive ownership. They also see an impressive 80% recurring monthly revenue from 800+ memberships! While you do not have to be a member to enjoy the luxurious treatments offered, it does provide special deals and pricing. The staff is comprised of 1 manager, 1 assistant manager, 2 team leads, 7 guest advisors, 11 massage therapists, 2 estheticians, and 1 dual licensed massage therapist/esthetician. Everyone needed is in place to continue the current level of service! Working with clients from the surrounding towns and counties, services include (but are not limited to) massage therapy, skin care treatments, body wraps, men’s treatments, spa packages, waxing, lashes, and more! Pricing was raised at the end of 2021, though many members were grandfathered in for the 2022 year. Starting in 2023, this will be an automatic additional $7K+ per month in revenue. They have an edge over the competition with their attention to detail, number of services provided, price point, and doing their best to provide a real resort feel just right around the corner. The current owner is largely hands off and has minimal responsibility, as the managers have been trained to handle the day to day operations with little oversight. This seller is still willing to stay on board for 3 months or longer if needed, but there is also franchise training and online classes to take as well to ensure the next owner is set up for success. The attractive price of $825,000 allows a buyer to see a return of $103,125 in the first year after debt payments! This location is seeing incredible year over year growth with no sign of slowing down.