Increased emphasis on health and well-being combined with increased disposable income has led to a busy couple of years for the massage service industry. In fact, from 2013 to 2018, the massage industry saw 5.2 percent annualized growth. If you’ve been considering buying a massage center business, now may be the ideal time to explore opportunities.
If you’re set on buying an established massage business rather than starting your own, explore these three options to choose which opportunity is best for you.
First, explore independently-owned massage centers for sale or day spa businesses for sale in your area. In contrast to starting your own massage center from scratch, buying a massage center means you can skip the start-up process and begin enjoying benefits like established brand presence, immediate cash flow, and existing employees and customers. Plus, buying a massage center business that is privately owned will offer you the ultimate flexibility to make your own decisions and truly run every aspect of your own business.
Another option to consider is buying a franchised massage business. Buying a new franchise territory may be a fantastic opportunity if you’re looking for a way to become your own boss without the high risk of starting a business from scratch. Aside from minimal risk, other reasons many entrepreneurs love franchise opportunities include:
Some of the top massage franchises in recent years include Massage Envy, Hand and Stone Massage, and Elements Massage. All three of these franchises were listed on the 2019 Franchise 500, indicating the brands’ growth, financial stability, brand strength, franchisee support, and franchise costs.
The third option is purchasing an existing franchise location, otherwise known as a franchise resale. Franchise resales are unique in that someone else has already gone through the process of setting up the center based on franchise standards, purchasing franchise-recommended massage equipment, training massage therapists, and establishing a presence in the community.
All that being said, it is critical that you take closely examine the franchise unit’s financials. If the franchisee is selling the massage center due to poor performance, consider whether the performance may be caused by an absentee owner, poor management, or location. If you feel the owner is actively involved in the business and doing all he or she can to make the business a success, this may be an indication that the territory is not right for this business model, or that the independent competition is too strong.
When buying a massage center– whether independently owned or franchised– look for these key criteria to ensure you’re making a wise investment.
If you’re ready to begin your search for the best massage center for sale in your area, contact Sunbelt Business Brokers. We represent a number of sellers, as well as franchises, and can help you find the right opportunity for your lifestyle and budget. Not only can our team of experienced business brokers help you identify the right business for you, but we can also help you secure financing, negotiate your contract, and close a deal. Find a Sunbelt office near you today to get started!